So i've been streaming for a little while now and a few of my viewers have joked about donating money.
But I'm really scared of all the logistics behind it, and me not doing all the right things and getting in trouble.
I've read online that any donations over $400 has to be mentioned on my taxes, and I've also read that the government will tax me like 15% for being a entrepreneur.
I know of sites like streamtip.me that I can setup a donation link, but I want to know everything I need to know about donations before I start accepting them. I don't want the IRS coming after me or anything.
Thank you for any help anyone can share.
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