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We collect money for membership fees for another organization. What are our tax implications on a Schedule C for this money?
We simply write a check for the total amount collected every quarter and send it to this organization. This money travels through our bank account. How does this get reported on a Schedule C at the end of a year? Since the other organization is reporting it on their taxes, do we have to also pay any taxes on this money?
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‎June 3, 2019
5:14 PM