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Direct donation of a speaker honorarium to charity
October 12, 2022
Q. We have a speaker who wants to donate their honorarium directly to a charity. In reading about this we understand that that is considered “constructively received” income and if all other criteria is met the payment may be reportable to the speaker even thought it was donated. If this is correct we have been asked to document this.
Is it correct? Can you point us to where this is explained by the IRS?
We also read examples from other non-profit institutions that if it is designated ahead of…
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