NHRA racers and IRS

[David Gonzales]

Originally Posted by Mark Yeager

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]

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]

What happens to the withheld money?

[J.R. Haddad]

What happens to the money withheld from your pay cheque at work?

J.R.

[Jared Jordan]

Don’t they fix the roads with that $? That’s what us rural CA voters get told.

[Cglrcng]

Originally Posted by Jared Jordan

Don?t they fix the roads with that $? That?s what us rural CA voters get told.

Not in Arizona anymore, the State has stolen all our gas taxes on each gallon sold and are now using those taxes for other uses like budget shortfalls and school vouchers for private schools while our roads decay into potholes and bumping bump crack sealing forever until they are slick Sloppy surfaces.

[KennyAnderson]

Collecting contingency money sucks! To the guys without stickers.... rock on! It might not be good for your bank account, but it is good for your blood pressure! LOL!!!

Some of the contingency sponsors are awesome and a pleasure to deal with.... to the others and the admin of the NHRA system.... shame on you.

PS the W9 we fill out with the NHRA is not passed to the contingency sponsors. Due to IRS and privacy act rules they are not allowed to share that form. Each contingency sponsor has to collect their own.

[Julie Jordan]

Originally Posted by a pontiac

What happens to the withheld money?

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