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novassdude · 02-24-2011, 08:56 PM

A 1099 is not needed under $600 you are supposed to still claim the money but the 1099 is not needed. Now they may need to do it for the companies tax purpose so they can write it off. I am not familiar with that side of it.
I agree if it was $1000 per race for naming rights. But there is no reason to turn down any extra money some one may want to put in.

02-24-2011, 08:56 PM	#11
novassdude Senior Member Join Date: Mar 2002 Location: usa Posts: 752 Likes: 204 Liked 136 Times in 49 Posts	Re: S/SS combo @ BIR 2011 A 1099 is not needed under $600 you are supposed to still claim the money but the 1099 is not needed. Now they may need to do it for the companies tax purpose so they can write it off. I am not familiar with that side of it. I agree if it was $1000 per race for naming rights. But there is no reason to turn down any extra money some one may want to put in.