The IRS and NHRA, you gotta see this.

[Sean Kennedy]

Originally Posted by GarysZ24

Sean,

You and all others who think like you are the reason I was happy and honored to be at the S.I.R. racer meeting/banquet last Saturday (in Tucson, because there racers have a chance to embrace a new option for their sanctioning dollar. If it happens, then NHRA is going to have some competition they haven't had out west here since the old AHRA days, and that will bring about some more focus on us sportsman class racers than we've been getting lately (especially if other tracks follow S.I.R.'s possible lead)? One can only hope.....

I'm all for the IHRA, and I hope it goes well. We have a potential new track coming in the northwest and I really hope they look at the IHRA.

[GarysZ24]

Originally Posted by Sean Kennedy

I'm all for the IHRA, and I hope it goes well. We have a potential new track coming in the northwest and I really hope they look at the IHRA.

Well Sean, since S.I.R.'s an official IHRA track as of tomorrow morning, I'll be looking forward to what happens next out here in our half of the country? The rumor mill stated that several other tracks (like the one you speak of), were waiting for SIR to decide how they were going to go, and now we all know. I hope this is just the beginning of many transitions from national to international, because then it won't really matter so much what becomes of this IRS mess NHRA is involved in. I now know of a former NHRA (only) racer who's glad he had an option last year, because he won nearly $20,000 in cash and prizes as a result of winning his "No Box" national championship back in Va.!!!

[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.

[Greg Hill]

An update on more media outlets picking up this story.USA Today,Greensboro News, abc news.com, Miami Herald, WBAY, Greenbay, North County Times in San Diego, Marin Independent Jouirnal, Bangor Daily News, Bloomberg News, Fresno Bee, Press of Atlantic City, Dayton Daily News, Columbia Daily Tribune, World News.com, NBC Sports.com, Gettysburg Times.

[NewHemi]

If they (the NHRA) think that the only way they can have enough expenses to balance revenue is by having management make $700K per year, obviously they are taking in WAY TOO MUCH MONEY, and PAYING people far more money than they are worth.

Therin lies the problem. You pay too much in 1995, and then pay more in 1996, and more each year on up to 2010 and they keep raising racer costs to cover their annual raises.

Maybe they are hoping Obama will try to give them a stimlus, or maybe someone else can give them an enema...

David
The New Hemi Guy

[Bob Pagano]

I am for that, an "Enema Out The Door"

[novassdude]

I love how their only response is we were granted tax exemption years ago. They seem to think that allows them to do anything they want and all is good because the IRS Ok’ed them in the 50’s. They are a far cry from what they were doing in the 50’s when they got the exemption.

[bill dedman]

I have, for the last few years, hoped and prayed that "60 Minutes" would get wind of what goes on at NHRA and do an expose'.... Maybe with all this media attention, it could actually happen..

And, then I woke up....

[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?