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Will a new credit card affect my mortgage application?

Will a new credit card affect my mortgage application?
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Brown County Sheriff s Report – April 26

On Friday, April 23 Deputy Toby Mathis, responded to the FM 2632. This was for a report of aggravated assault in progress. An individual reported her boyfriend rammed his vehicle into hers. The incident was investigated and a report was made. On Friday, April 23 Deputy Toby Mathis, met with a victim at Belfast Dr. This was in regards to a theft. The victim said a suspect took cabinet doors from her property. It was later learned another victim possibly had items taken as well. Information was gathered and two reports were made. On Saturday, April 24 at approximately 1:50 p.m. Deputy Mike Sheedy responded to Shawnee Drive. Complainant reported known suspect(s) used his commercial grade dumpster without paying for the service in the 4100 block of Shawnee Drive. 

Fundraising on Facebook, Venmo, GoFundMe: What you need to know

And GoFundMe states its fundraisers are usually considered to be personal gifts which, for the most part, aren’t taxed as income, but there are some exceptions. GoFundMe adds there may be particular case-specific instances where the income is, in fact, taxable for organizers that depend on the amounts received and how the funds are used. Rick Cohen, chief operating officer and spokesman for the National Council of Nonprofits, hopes Louis Goffinet, the teacher who raised over $40,000 in a fundraiser on Facebook to help buy groceries for neighbors struggling during the pandemic, doesn t have to pay the price for simply doing a good deed. Cohen said that using third-party platforms like Facebook to get funds meant Goffinet actually received personal income since he doesn t have an accredited nonprofit and the donations are currently not considered tax-deductible.

Facebook fundraiser: Teacher finds out he may have to pay taxes

So you want to hold a fundraiser on Facebook? Don t forget to read the fine print. Louis Goffinet, a Connecticut middle school teacher who began a fundraiser on Facebook last year to help buy groceries for families in need as the COVID-19 pandemic started to spread, learned that the hard way.  What began by asking a few Facebook friends for $200 in donations quickly went viral. Goffinet eventually raised more than $41,000 to purchase and deliver groceries for more than 100 families in his hometown of Mansfield Center, Connecticut, as well as help pay rent and buy gas.  He was hailed as a hero for putting together not one, but two fundraisers where he spent days, nights and weekends helping others. Then, Goffinet got a huge surprise in January: The Internal Revenue Service sent him a letter with a 1099-K form saying what he d raised is taxable as income.

Facebook fundraisers may be taxed One do-gooder got a huge shock after a $16,000 tax bill

Facebook fundraisers may be taxed One do-gooder got a huge shock after a $16,000 tax bill
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