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    #1

    Medical Bills

    My client has a 22 yrs. old son who is very sick. Several local businesses wanted to help with her medical bills. They asked her to set up an account at the local bank to send donations to cover the medical bills. The bank required her to set up an account with its own EIN number. How would the contributions to as well as the payments from this account be handled for tax purposes?
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    #2
    It is like the GoFundMe account. They are considered gifts and the donor's can NOT deduct them on Sch A.
    Taxes after all are the dues that we pay for the privileges of membership in an organized society. - FDR

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