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-   -   The IRS and NHRA, you gotta see this. (https://classracer.com/classforum/showthread.php?t=30987)

Greg Hill 01-20-2011 03:02 PM
The IRS and NHRA, you gotta see this.
 
Check out the web site capdale.com for this bombshell. You will see the link to the press release, click on it and in the press release there is the complaint in blue click that to see what went to the IRS. This could shake the foundations.

John Leichtamer Jr 01-20-2011 03:11 PM
Re: The IRS and NHRA, you gotta see this.
 
Greg

Just read the release.

Mr. Anonymous is my hero.


Hammer

Wade_Owens 01-20-2011 03:19 PM
Re: The IRS and NHRA, you gotta see this.
 
I would like to have a vote on some topics. I think it would benefit alot of racers if the majority could control some things.

Wade O

Jim Kaekel 01-20-2011 03:22 PM
Re: The IRS and NHRA, you gotta see this.
 
Sounds like it may be the NHRA board members turn to get "enhanced".

FED 387 01-20-2011 03:31 PM
Re: The IRS and NHRA, you gotta see this.
 
I'm sure the NHRA "suits" might be squirming just a little but in any event an investigation of this magnitude might take quite awhile to determine anything---in any event it should prove interesting---maybe Miss Jordan the tax/accounting lady who frequents this site could explain what is/will be going to happen and what the IRS is specifically looking at---Comp

Greg Hill 01-20-2011 03:37 PM
Re: The IRS and NHRA, you gotta see this.
 
Quote:
Originally Posted by Wade_Owens (Post 234408)
Here's the link to the complaint...

http://www.capdale.com/files/upload/NHRAcomplaint.pdf

I believe the racers need a voice about what happens in NHRA's organization. I say that because we need good management people along with good board of directors to keep NHRA Drag Racing strong and not die off like so many other drag racing organizations! Also, where is the $120 Mil in expenses going? I hope we get some answers quick!

"Alkey" Alex Owens
Be sure and go to the home page for Caplan and Drysdale the law firm that filed this to check out the press release. www.capdale.com The lawyer that filed this is one of the preeminent non profit lawyers in the US. He was director of the IRS non profit division for 10 years.

FED 387 01-20-2011 03:59 PM
Re: The IRS and NHRA, you gotta see this.
 
Wells Fargo Motorsports division of Wells Fargo Insurance currently handles the liability portion of NHRA 's insurance---who they lay it off on is anybody's-- guess you would hafta contact WF and I'm sure they are not gonna share that info with you--

Greg Hill 01-20-2011 04:09 PM
Re: The IRS and NHRA, you gotta see this.
 
Quote:
Originally Posted by FED 387 (Post 234419)
Wells Fargo Motorsports division of Wells Fargo Insurance currently handles the liability portion of NHRA 's insurance---who they lay it off on is anybody's-- guess you would hafta contact WF and I'm sure they are not gonna share that info with you--
No insurance is going to protect them from the IRS.

FED 387 01-20-2011 04:12 PM
Re: The IRS and NHRA, you gotta see this.
 
sorry posted the ins info on the wrong thread---comp

chris3racing 01-20-2011 04:28 PM
Re: The IRS and NHRA, you gotta see this.
 
The whole press release is posted on Moparts site. "non-profit" right. I would like to have a amount of money shown on there that Graham light received for "1-hour of work". This is not going to end good at all.


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