Quote:
Originally Posted by treessavoy
Hot Dam! This will be interesting!
JimR
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Not really. The NHRA is non profit because all of the profit is distributed to the officers and workers. They pay the income taxes based on their individual situation. The IRS is only interested in collecting taxes and they will investigate to make sure all of the taxes have been paid. I'm sure the NHRA is using excellent tax accountants and attorneys. The IRS is like the police, they must investigate any complaint. Don't hold your breath for anything to change with the NHRA. Just my 2 cents.