The IRS and NHRA, you gotta see this.

[BlueOval Ralph]

In any of the Tax returns has any picked up if NHRA is showing as Income or it value the Free Cars, Trucks, Trailers, Motorcycles, and any other products (radios & ect)? Next question is do they (NHRA) issue 1099 to the employess that have use of the vehicles (Cars & Trucks) ???????????????

Originally Posted by Greg Hill

This thing is not going away. It is being picked by the mainstream media in a big way. Google NHRA and IRS and you will find out that the AP has picked this story up and it's all over the place. Some of the media outlets that are running the story are LA Times, San Jose Mercury, Amarillo Globe News, Indianapolis NBC affiliate, CNBC, San Diego Union Tribune, CBS Sports.com, Washington Times, Coos Bay World, ESPN.com,Charlotte Observer, Fox Sports.com, newser.com, Minneapolis-St.Paul Star Tribune, Forbes Magazine. How long will it be before some enterprising reporter really digs into this and finds out what the scoop is? This is really going to get interesting.

[CycloneFE]

If NHRA is a "not for profit" Organization, then aren't the entry fees and enhancements tax deductable?

[art leong]

Originally Posted by CycloneFE

If NHRA is a "not for profit" Organization, then aren't the entry fees and enhancements tax deductable?

LOL. nhra is definetly not a charitable organization.