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Old 01-20-2011, 08:37 PM   #29
RacingRicki
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Default Re: The IRS and NHRA, you gotta see this.

Quote:
Originally Posted by Julie Jordan View Post
"Bogus" non profits cost the Federal government money...tax dollars. So, assuming this letter triggers an investigation and NHRA loses its tax exempt status then it would become a tax paying entity. Like someone said before, taxes are an expense of the organization and would surely not be absorbed but would be passed along in further fee increases.
I agree and as much as I hate to see these huge salaries come at our expense, it can only get worse.
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