The IRS and NHRA, you gotta see this. - Page 4

donc · 01-21-2011, 06:00 PM

on a lighter side , does this mean Obama becomes the official starter, and the F.B.I. takes over tech.

Mike Brogniez · 01-21-2011, 06:04 PM

The Lets Grab Cash (Light Gardner Compton) gang and others in the ivory tower should share their wealth with those NHRA folks working passionately where the rubber meets the road at the races during the season............. .

Greg Hill · 01-21-2011, 06:29 PM

this thing is all over the internet. Just google nhra and irs.

Bill Edgeworth · 01-21-2011, 06:34 PM

I could see this adversely affecting us. If they are found to be ineligible to operate as a 501c then they just become a regular tax paying corporation right? Will an IRS ruling actually change their corporate governance? Accountability? I could see this playing out in such a way that in the end they are just looking for more revenue to cover their new expenses (corporate tax).
To me this may be a case of;
“Better the Devil you know than the one you don’t”

GarysZ24 · 01-21-2011, 08:48 PM

Quote:

Originally Posted by Mike Brogniez

The Lets Grab Cash (Light Gardner Compton) gang and others in the ivory tower should share their wealth with those NHRA folks working passionately where the rubber meets the road at the races during the season............. .

x3...

Smallbloc · 01-21-2011, 08:59 PM

I'm surprised this is just coming to light with the IRS.. We as racers are suckers, being fed leftovers for years, revolt!

GarysZ24 · 01-21-2011, 09:06 PM

Quote:

Originally Posted by Mike Brogniez

The Lets Grab Cash (Light Gardner Compton) gang and others in the ivory tower should share their wealth with those NHRA folks working passionately where the rubber meets the road at the races during the season............. .

I couldn't agree with you more Mike!!!

Alan Roehrich · 01-21-2011, 09:22 PM

More on the subject from another source, Forbes:

http://bit.ly/g2Aa8f

Ed Fernandez · 01-21-2011, 06:42 PM

Quote:

Originally Posted by Greg Hill

Wonder when the pros and the sponsors are going to find out about this? There is an article in the Washington examiner.com today, an online Washington DC paper. I guess you really can't call it a paper. How do you all think the pros are going to feel about this?

If it all goes away (NHRA) could you imagine the pros all having to go out and actually get real jobs.I realize that some are business owners but I bet quite a few would be clueless in the current job market.

Larry Fulton · 01-21-2011, 06:48 PM

Found this on google...

Same topic dated October 2000

http://groups.google.com/group/alt.a...2b32cb20fd8278

01-21-2011, 06:00 PM	#1
donc Junior Member Join Date: Dec 2010 Posts: 15 Likes: 0 Liked 0 Times in 0 Posts	Re: The IRS and NHRA, you gotta see this. on a lighter side , does this mean Obama becomes the official starter, and the F.B.I. takes over tech.

01-21-2011, 06:04 PM	#2
Mike Brogniez Member Join Date: Jun 2009 Location: Montreal Posts: 476 Likes: 7 Liked 1 Time in 1 Post	Re: The IRS and NHRA, you gotta see this. The Lets Grab Cash (Light Gardner Compton) gang and others in the ivory tower should share their wealth with those NHRA folks working passionately where the rubber meets the road at the races during the season............. .

01-21-2011, 06:29 PM	#3
Greg Hill VIP Member Join Date: May 2006 Location: Louisville , KY Posts: 1,995 Likes: 69 Liked 279 Times in 68 Posts	Re: The IRS and NHRA, you gotta see this. this thing is all over the internet. Just google nhra and irs. __________________ Greg Hill 4171 STK

01-21-2011, 06:34 PM	#4
Bill Edgeworth Member Join Date: Oct 2006 Location: Tacoma, WA Posts: 258 Likes: 0 Liked 0 Times in 0 Posts	Re: The IRS and NHRA, you gotta see this. I could see this adversely affecting us. If they are found to be ineligible to operate as a 501c then they just become a regular tax paying corporation right? Will an IRS ruling actually change their corporate governance? Accountability? I could see this playing out in such a way that in the end they are just looking for more revenue to cover their new expenses (corporate tax). To me this may be a case of; “Better the Devil you know than the one you don’t” __________________ Bill Edgeworth 6471 STK

01-21-2011, 08:59 PM	#6
Smallbloc Junior Member Join Date: Dec 2010 Posts: 11 Likes: 0 Liked 0 Times in 0 Posts	Re: The IRS and NHRA, you gotta see this. I'm surprised this is just coming to light with the IRS.. We as racers are suckers, being fed leftovers for years, revolt!

01-21-2011, 09:22 PM	#8
Alan Roehrich Veteran Member Join Date: May 2006 Location: Murfreesboro TN Posts: 5,144 Likes: 1,623 Liked 1,952 Times in 439 Posts	Re: The IRS and NHRA, you gotta see this. More on the subject from another source, Forbes: http://bit.ly/g2Aa8f __________________ Alan Roehrich 212A G/S

01-21-2011, 06:48 PM	#10
Larry Fulton Member Join Date: Oct 2003 Posts: 271 Likes: 54 Liked 0 Times in 0 Posts	Re: The IRS and NHRA, you gotta see this. Found this on google... Same topic dated October 2000 http://groups.google.com/group/alt.a...2b32cb20fd8278 __________________ Larry Fulton