Before celebrating big gifts, charities must watch out for fake donors

A New York philanthropist and personal assistant to billionaires, Matthew Christopher Pietras, allegedly stole millions from his employers and donated large sums to prominent charities to maintain a facade of status, wealth and generosity. Those schemes came to light when the Metropolitan Opera became aware that a US$10 million donation Pietras made in his own […]

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Influencers have trouble figuring out their tax obligations − and with good reason

The Internal Revenue Service hasn’t issued comprehensive guidance on how the estimated 27 million Americans earning income as influencers should report their income and expenses on their tax returns. That’s leaving people who either make a living or supplement their income by endorsing products and services on social media platforms such as Instagram and YouTube […]

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