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Old 01-21-2011, 02:33 PM   #1
Larry Fulton
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Default Re: The IRS and NHRA, you gotta see this.

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Originally Posted by Toby Lang View Post
Part of the complaint says that the NHRA compensation arrangements may be excessive.....

could it be possible that the anonymous client has the initials BN?

-Toby
Curious minds want to know, Who Is "BN"??

let us all in
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Old 01-21-2011, 03:28 PM   #2
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Default Re: The IRS and NHRA, you gotta see this.

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Curious minds want to know, Who Is "BN"??

let us all in

Billy Nees? Just kidding. I dunno.

Don
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Old 01-21-2011, 03:59 PM   #3
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Default Re: The IRS and NHRA, you gotta see this.

Funny thought.How did the Feds nail Al Capone? Income taxes.Today they'de get him under the RICO Act.The Glendora Gang are bordering on association with some real shady characters.
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Old 01-21-2011, 04:06 PM   #4
Ed Wright
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Default Re: The IRS and NHRA, you gotta see this.

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Originally Posted by Larry Fulton View Post
Curious minds want to know, Who Is "BN"??

let us all in
Bruce Noland?
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Old 01-21-2011, 05:40 PM   #5
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Default Re: The IRS and NHRA, you gotta see this.

Wonder when the pros and the sponsors are going to find out about this? There is an article in the Washington examiner.com today, an online Washington DC paper. I guess you really can't call it a paper. How do you all think the pros are going to feel about this?
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Old 01-21-2011, 05:57 PM   #6
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Default Re: The IRS and NHRA, you gotta see this.

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Wonder when the pros and the sponsors are going to find out about this? There is an article in the Washington examiner.com today, an online Washington DC paper. I guess you really can't call it a paper. How do you all think the pros are going to feel about this?
They have been drinking the Kool Aid for years.
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Old 01-21-2011, 06:00 PM   #7
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Default Re: The IRS and NHRA, you gotta see this.

on a lighter side , does this mean Obama becomes the official starter, and the F.B.I. takes over tech.
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Old 01-21-2011, 06:04 PM   #8
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Default Re: The IRS and NHRA, you gotta see this.

The Lets Grab Cash (Light Gardner Compton) gang and others in the ivory tower should share their wealth with those NHRA folks working passionately where the rubber meets the road at the races during the season............. .
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Old 01-21-2011, 06:29 PM   #9
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Default Re: The IRS and NHRA, you gotta see this.

this thing is all over the internet. Just google nhra and irs.
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Old 01-21-2011, 06:34 PM   #10
Bill Edgeworth
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Default 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”
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