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Charles Stewart 01-14-2025 11:01 AM

NHRA racers and IRS
 
Latest news from the NHRA racer website.
https://www.nhraracer.com/content/ge...151&zoneid=175

1320racer 01-14-2025 11:12 AM

Re: NHRA racers and IRS
 
What?s next, the NHRA performing a real tech/safety inspection on every car?

Mark Yeager 01-14-2025 11:21 AM

Re: NHRA racers and IRS
 
This is comical, We fill this information out every time single time we enter a national event, when we drive in the gate at divisionals, and they still ask us for a copy before they will pay us. Then, the contingency companies ask for the same information. You'd think NHRA could figure out a way to streamline this process.....

David Gonzales 01-14-2025 06:36 PM

Re: NHRA racers and IRS
 
Quote:

Originally Posted by Mark Yeager (Post 708030)
This is comical, We fill this information out every time single time we enter a national event, when we drive in the gate at divisionals, and they still ask us for a copy before they will pay us. Then, the contingency companies ask for the same information. You'd think NHRA could figure out a way to streamline this process.....

Since when do they make anything easier.

Mike Gray 01-14-2025 08:21 PM

Re: NHRA racers and IRS
 
Anyone that pays you for just about anything needs a w9 filled out. It's standard for all businesses. For businesses it's a TIN number for an individual it's your SS number. Nothing that NHRA has any control over. Just fill out a w9 with signature blank and make copies to sign each time it's needed. (An original signed copy is what they want each time)
All those new IRS agents they hired need something to do.

a pontiac 01-14-2025 08:40 PM

Re: NHRA racers and IRS
 
What happens to the withheld money?

J.R. Haddad 01-14-2025 11:58 PM

Re: NHRA racers and IRS
 
What happens to the money withheld from your pay cheque at work?

J.R.

Jared Jordan 01-15-2025 01:12 AM

Re: NHRA racers and IRS
 
Don’t they fix the roads with that $? That’s what us rural CA voters get told.

Julie Jordan 01-15-2025 01:37 AM

Re: NHRA racers and IRS
 
Quote:

Originally Posted by a pontiac (Post 708042)
What happens to the withheld money?

You claim it as withholding when you file your tax returns.

Cglrcng 01-15-2025 03:37 AM

Re: NHRA racers and IRS
 
Quote:

Originally Posted by Mark Yeager (Post 708030)
This is comical, We fill this information out every time single time we enter a national event, when we drive in the gate at divisionals, and they still ask us for a copy before they will pay us. Then, the contingency companies ask for the
Same information. You'd think NHRA could figure out a way to streamline this
process.....

The data is already there on our NHRA Lic. App., but it is not the required IRS I-9 form format. But yes we also provide it to every track and NHRA to get paid "if and when we win money, and before they cut checks".


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