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But when Louis Goffinet, who teaches at a middle school in Mansfield, Connecticut, raised over $40,000 on Facebook, he got slapped with a $16,000 tax bill, according to a report in the Hartford Courant.
After Goffinet started to seek funds, he wound up spending his own money because some people needed financial help, the report said.
After raising $41,000 through two Facebook fundraisers, he received a 1099 form from Facebook saying he owed $16,031 in income tax, according to the report.
“When I think about the mental spot I was in at the end of January, coming off a second fundraiser that was quite a lot of work — busy weekends coordinating Thanksgiving, holiday gifts — to get what I perceived as a bill in the mail for $16,000 was just shocking," Goffinet told The Courant. “It’s such a big amount. It’s not like I can say, ‘Oh, for the next month or two, I’ll dial down my expenses and I’ll save $16,000.’ "
Click here to read the Hartford Courant report.
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