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Raffles

Business Law discussions

Raffles

Postby Crisdean » Sat Oct 22, 2016 5:26 pm

We are a 501c3 charitable organization.  The Ladies Club would like to have raffles during the year.  How many can we have per year?  These are raffles for small items valued at less than $100.
Crisdean
 
Posts: 31
Joined: Sat Apr 12, 2014 12:48 pm

Raffles

Postby jan46 » Sun Oct 23, 2016 7:12 am

Raffles are controlled by State laws. This forum is only for

federal tax questions regarding 501(c)(3) public charities as I

have explained in my profile. However, if you let me know which is

your state I may be able to direct you.

As for the IRS, their Publication 526 "Charitable Donations"

www.irs.gov/pub/irs-pdf/p526.pdf at page 2 mentions that people who

buy raffle tickets may not deduct that cost as a charitable

contribution. A wagering game is considered unrelated business and

may be taxable to the 501(c)(3) organization as you can see on page

7 on the right column of www.irs.gov/pub/irs-pdf/p598.pdf

IRS Publication 598 "Tax on Unrelated Business Income of Exempt

Organizations".  Also seehttp://www.irs.gov/pub/irs-tege/notice_1340.pdf about withholding

and especially

www.irs.gov/pub/irs-pdf/p3079.pdf

Gaming Publication for Tax-Exempt Organizations

As for the particular state laws for Texas, see:

www.gambling-law-us.com/Charitable-Gaming Harvey Mechanic, Attorney at Law - [email protected]

P.S. This response is intended to be a general statement of law, should not be relied upon as legal advice and does not create an attorney/client relationship.  
jan46
 
Posts: 57
Joined: Thu Mar 31, 2011 9:22 am

Raffles

Postby maunfeld » Tue Oct 25, 2016 10:39 pm

We are a 501c3 charitable organization.  The Ladies Club would like to have raffles during the year.  How many can we have per year?  These are raffles for small items valued at less than $100.
maunfeld
 
Posts: 40
Joined: Sat Oct 06, 2012 6:28 am


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