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Can some friends who set up a GoFundMe for us get into tax trouble if they withdraw funds and then write us a check?
Some friends set up a GoFundMe for us for medical purposes. They didn't know our bank information, so they used theirs. If we both keep good records, will their withdrawing the money and then writing us a check flag anything with the IRS since it would be over the maximum gift limit? The only way to switch it to our bank account would be to get a personal loan to repay all the money withdrawn so far to GoFundMe while they return and reprocess payments.
‎June 3, 2019
12:32 PM