The IRS and NHRA, you gotta see this.

X-TECH MAN · 01-23-2011, 09:59 AM

After all of this IRS stuff goes down the only place you guys with the 1972 and older cars might be able to race are the Nostalgia races, local circuit races, and/or bracket events. The rest who are stuck with the $100,000 plus new under rated DP's, Mustangs, and FI cars might as well make flower pots out of them, bracket cars, and or street rides.....LOL.

MikeFicacci · 01-23-2011, 10:38 AM

Quite possibly nothing is going to change after NHRA pays some sort of fine but if somehow NHRA loses its sanction, Division 1 will be fine operating under some sort of Dave Ley controlled Divisional Series. Division 1 has 128 cars at just about every National Events, Divisional, and Open series race.

Plus I like the idea of one guy who is committed to the sport running the show and not someone who paints NHRA cars on the side.

Ed Wright · 01-23-2011, 12:16 PM

I agree. I don't think much change will trickle down to us. They will just pay any fines (if it comes to that) and get back to business. It's just business.
I don't think it's any of my business.

Alan Roehrich · 01-23-2011, 01:12 PM

I wouldn't be too sure that you just pay fines when you operate a 501(c) as a for profit entertainment corporation. There may be other significant penalties and sanctions. If the violations are serious enough, and flagrant, the board can be removed completely.

A100 · 01-23-2011, 01:37 PM

Quote:

Originally Posted by Alan Roehrich

I wouldn't be too sure that you just pay fines when you operate a 501(c) as a for profit entertainment corporation. There may be other significant penalties and sanctions. If the violations are serious enough, and flagrant, the board can be removed completely.

Wonder what the two new board members think of this?

If a press release gets issued about one of them leaving for "personel reasons" we will know.

Chad Rhodes · 01-23-2011, 06:57 PM

its definitely going to be interesting to watch

A100 · 01-23-2011, 08:13 PM

Just ran across this.

DRAW PAYS OUT A WHOPPING 220K IN 2010!

The 2011-2012 BOARD of TRUSTEES for the Drag Racing Association of Women includes Vicki Aswege, Kevin Bennett, Karen Comstock, Carol Gibbs, Beth Hyatt, Elise Mauntel, Sarah McLemore, Rosalee Noble, Pat Shaeffer, Yokie Van Vallis, Ashley Yost and Tracy Winters. The alternate Board Members are: Allison Kuhn and Lynne Van Vallis.

Wouldn't it be nice if the racing side of the sport had people you could trust.

X-TECH MAN · 01-23-2011, 01:27 PM

Quote:

Originally Posted by MikeFicacci

Quite possibly nothing is going to change after NHRA pays some sort of fine but if somehow NHRA loses its sanction, Division 1 will be fine operating under some sort of Dave Ley controlled Divisional Series. Division 1 has 128 cars at just about every National Events, Divisional, and Open series race.

Plus I like the idea of one guy who is committed to the sport running the show and not someone who paints NHRA cars on the side.

Agree 1000%. That would be a great deal with Dave in charge.

01-23-2011, 09:59 AM	#1
X-TECH MAN Banned Join Date: Dec 2007 Location: Lake Placid, Florida Posts: 3,203 Likes: 1,047 Liked 235 Times in 110 Posts	Re: The IRS and NHRA, you gotta see this. After all of this IRS stuff goes down the only place you guys with the 1972 and older cars might be able to race are the Nostalgia races, local circuit races, and/or bracket events. The rest who are stuck with the $100,000 plus new under rated DP's, Mustangs, and FI cars might as well make flower pots out of them, bracket cars, and or street rides.....LOL.

01-23-2011, 10:38 AM	#2
MikeFicacci Member Join Date: Oct 2007 Posts: 242 Likes: 1 Liked 19 Times in 2 Posts	Re: The IRS and NHRA, you gotta see this. Quite possibly nothing is going to change after NHRA pays some sort of fine but if somehow NHRA loses its sanction, Division 1 will be fine operating under some sort of Dave Ley controlled Divisional Series. Division 1 has 128 cars at just about every National Events, Divisional, and Open series race. Plus I like the idea of one guy who is committed to the sport running the show and not someone who paints NHRA cars on the side. __________________ Mike Ficacci Stk 1010

01-23-2011, 12:16 PM	#3
Ed Wright Veteran Member Join Date: Mar 2005 Location: Sand Springs, OK Posts: 8,132 Likes: 896 Liked 390 Times in 170 Posts	Re: The IRS and NHRA, you gotta see this. I agree. I don't think much change will trickle down to us. They will just pay any fines (if it comes to that) and get back to business. It's just business. I don't think it's any of my business. __________________ Ed Wright 4156 SS/JA

01-23-2011, 01:12 PM	#4
Alan Roehrich Veteran Member Join Date: May 2006 Location: Murfreesboro TN Posts: 5,125 Likes: 1,582 Liked 1,879 Times in 422 Posts	Re: The IRS and NHRA, you gotta see this. I wouldn't be too sure that you just pay fines when you operate a 501(c) as a for profit entertainment corporation. There may be other significant penalties and sanctions. If the violations are serious enough, and flagrant, the board can be removed completely. __________________ Alan Roehrich 212A G/S

01-23-2011, 06:57 PM	#6
Chad Rhodes VIP Member Join Date: Jan 2005 Location: Where the Green Grass Grows, AL Posts: 2,375 Likes: 0 Liked 3 Times in 3 Posts	Re: The IRS and NHRA, you gotta see this. its definitely going to be interesting to watch __________________ Chad Rhodes 2113 I/SA

01-23-2011, 08:13 PM	#7
A100 Junior Member Join Date: Aug 2003 Location: Gainesville Posts: 67 Likes: 0 Liked 1 Time in 1 Post	Re: The IRS and NHRA, you gotta see this. Just ran across this. DRAW PAYS OUT A WHOPPING 220K IN 2010! The 2011-2012 BOARD of TRUSTEES for the Drag Racing Association of Women includes Vicki Aswege, Kevin Bennett, Karen Comstock, Carol Gibbs, Beth Hyatt, Elise Mauntel, Sarah McLemore, Rosalee Noble, Pat Shaeffer, Yokie Van Vallis, Ashley Yost and Tracy Winters. The alternate Board Members are: Allison Kuhn and Lynne Van Vallis. Wouldn't it be nice if the racing side of the sport had people you could trust.