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re: Report plasma donations to IRS or no?

Posted on 3/7/22 at 7:46 pm to
Posted by KCRoyalBlue
Member since Nov 2020
2220 posts
Posted on 3/7/22 at 7:46 pm to
I don't want get prosecuted for tax evasion when there's a clear paper trail.
Posted by JumpingTheShark
America
Member since Nov 2012
24832 posts
Posted on 3/7/22 at 9:07 pm to
They’re not prosecuting anyone for ~20% of the value of the gift cards you received. The IRS is so understaffed they’re only answering 10% of their phone calls, let alone auditing stuff like this.
Posted by auisssa
Member since Feb 2010
4700 posts
Posted on 3/8/22 at 6:57 am to
quote:

offering $100 per donation if you had the COVID antibodies


That's over.
This post was edited on 3/8/22 at 6:59 am
Posted by auisssa
Member since Feb 2010
4700 posts
Posted on 3/8/22 at 7:00 am to
quote:

The plasma is sent through a stringent purification process that rids it of viruses and disease.



I'm part of that process. And you are why we do what we do. Cheers.
Posted by lanatheotundra
Member since Mar 2022
1 post
Posted on 3/13/22 at 5:38 pm to
What have you decided? I'm on the same boat. I can't get a clear answer online if IRS knows my payments to my debit card. Really stuck here.
Posted by KCRoyalBlue
Member since Nov 2020
2220 posts
Posted on 3/13/22 at 5:52 pm to
I'm going to call a CPA on Monday to see what they say. If they can put my mind at ease about not filing, I'll let it go.

But, if they leave me just as unsure as before, then I'll file and at least sleep easier.
Posted by LSUA 75
Colfax,La.
Member since Jan 2019
4909 posts
Posted on 3/15/22 at 12:10 am to
I sold plasma many years ago when I was in college to pay for a used bass boat.Went twice a week ,got $60.00 a month,payment was $65.00.
They paid in cash in those days,I never reported it.
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