The IRS and NHRA, you gotta see this.

Bill Edgeworth · 01-21-2011, 06:34 PM

I could see this adversely affecting us. If they are found to be ineligible to operate as a 501c then they just become a regular tax paying corporation right? Will an IRS ruling actually change their corporate governance? Accountability? I could see this playing out in such a way that in the end they are just looking for more revenue to cover their new expenses (corporate tax).
To me this may be a case of;
“Better the Devil you know than the one you don’t”

01-21-2011, 06:34 PM	#11
Bill Edgeworth Member Join Date: Oct 2006 Location: Tacoma, WA Posts: 258 Likes: 0 Liked 0 Times in 0 Posts	Re: The IRS and NHRA, you gotta see this. I could see this adversely affecting us. If they are found to be ineligible to operate as a 501c then they just become a regular tax paying corporation right? Will an IRS ruling actually change their corporate governance? Accountability? I could see this playing out in such a way that in the end they are just looking for more revenue to cover their new expenses (corporate tax). To me this may be a case of; “Better the Devil you know than the one you don’t” __________________ Bill Edgeworth 6471 STK