As long as you are not providing a service, it is a gift, not taxable income. If you meet the threshold for the bank to issue a 1099-K, then it will be reported to the IRS. There are two schools of thought on what to do with the 1099-K. One suggestion is to ignore it, and wait and see if the IRS will ask about it. The other idea is to report it as taxable "other income" and then create a second item of "other income" that is a negative number offsetting the 1099-K. This way the IRS sees that you are reporting the 1099-K but not paying tax on it. I don't know whether ignoring it, or reporting a negative offset, will attract IRS attention. Either way, if a 1099-K is issued, the IRS could start asking questions, so make sure to save proof of how the money was raised (copies of the gofundme page, etc.)
If you agree to do anything for the money (web cam, go on dates, etc) then you will run into more tax problems.
