CLASS RACER FORUM - View Single Post

Terry Cain · 10-07-2010, 09:11 PM

Greg's got the answer. Since NHRA,for tax purposes is a 501c, they act as an org for "business members". With the amount of sportsman racers, there's no way they can act for "business members". Business members meaning to better the members business.
Do a search and read the requirements for a 501c non-profit org.
If a good lawyer took them on NHRA would probably have to pay back taxes for 50 yrs or so. That would surely break them and a new board could take control.

10-07-2010, 09:11 PM	#3
Terry Cain Senior Member Join Date: Feb 2008 Location: Georgetown, Indiana (close to Louisville, KY) Posts: 778 Likes: 530 Liked 231 Times in 107 Posts	Re: How can we fix NHRA Greg's got the answer. Since NHRA,for tax purposes is a 501c, they act as an org for "business members". With the amount of sportsman racers, there's no way they can act for "business members". Business members meaning to better the members business. Do a search and read the requirements for a 501c non-profit org. If a good lawyer took them on NHRA would probably have to pay back taxes for 50 yrs or so. That would surely break them and a new board could take control. __________________ Terry Cain ???? STK tcain19689585@gmail.com