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NHRA V.S. IRS
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boboo
Oct 15, 2000, 3:00:00 AM10/15/00
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IRS vs. NHRA was nothing.
"Roscoe P." <Rossfa...@home.com> wrote in message
news:n8sG5.82633$g6.36...@news2.rdc2.tx.home.com...
> Doug,
> My webmail is Tango Uniform, so I haven't been able to get back to you.
I
> looked through the archives and didn't find the articles referencing the
> investigation . It hasn't been that long ago that it was front page stuff
> (below the fold).
> Does anyone else know where to find any of the stories written about
> deal with the IRS investigating the Non-Profit status of the NHRA ?
> I remember reading that the NHRA itself is non-profit, but has several
> wholly owned subsidiaries that aren't non-profit or somesuch thing. I
really
> don't recall what the heck it was all about. Remember, the mind is the
> second thing to go , and I can't remember the first.
>
>
"Roscoe P." <Rossfa...@home.com> wrote in message
news:n8sG5.82633$g6.36...@news2.rdc2.tx.home.com...
> Doug,
> My webmail is Tango Uniform, so I haven't been able to get back to you.
I
> looked through the archives and didn't find the articles referencing the
> investigation . It hasn't been that long ago that it was front page stuff
> (below the fold).
> Does anyone else know where to find any of the stories written about
> deal with the IRS investigating the Non-Profit status of the NHRA ?
> I remember reading that the NHRA itself is non-profit, but has several
> wholly owned subsidiaries that aren't non-profit or somesuch thing. I
really
> don't recall what the heck it was all about. Remember, the mind is the
> second thing to go , and I can't remember the first.
>
>
Roscoe P.
Oct 15, 2000, 8:40:51 PM10/15/00
to
Roscoe P.
Oct 20, 2000, 3:00:00 AM10/20/00
to
Must be something, according to the glendora bean counters, the
investigation continues......................
investigation continues......................
"boboo" <hec...@mindspring.com> wrote in message
news:8sdqd1$4s0$1...@slb7.atl.mindspring.net...
> IRS vs. NHRA was nothing.
> "Roscoe P." <Rossfa...@home.com> wrote in message
> news:n8sG5.82633$g6.36...@news2.rdc2.tx.home.com...
Cidbone
Oct 21, 2000, 3:00:00 AM10/21/00
to
norman and ross...... co......i believe there is some sorta distinct difference
between non- .......and not-for-profit.........and there in lies the gray
area..........not that I think there is one.....heck, we woulda been all over
that one......and i remember 20/20 or one of those news gathering magazzine
types shows that several years ago already pointed the crooked finger at nhra
and a millionaire from hawaii and several
other......extor.............well..........hey,
between non- .......and not-for-profit.........and there in lies the gray
area..........not that I think there is one.....heck, we woulda been all over
that one......and i remember 20/20 or one of those news gathering magazzine
types shows that several years ago already pointed the crooked finger at nhra
and a millionaire from hawaii and several
other......extor.............well..........hey,
boboo
Oct 22, 2000, 3:00:00 AM10/22/00
to
And in all this time , NOTHING. Some how all the people who are waiting for
some big, tax scandal, are waiting for a bus on the wrong corner.
If there were ever bags of cash disappearing, that is long ago. Wally did
not want to pay taxes. He knew with a non or not for profit, that money
could go towards compensation for top people and into the business. Problem
will be, when things get so bad the new top guys want out, you can't readily
sell a non or not. So, they can sell the real estate,
race tracks that are only good for race tracks, and not much else.
some big, tax scandal, are waiting for a bus on the wrong corner.
If there were ever bags of cash disappearing, that is long ago. Wally did
not want to pay taxes. He knew with a non or not for profit, that money
could go towards compensation for top people and into the business. Problem
will be, when things get so bad the new top guys want out, you can't readily
sell a non or not. So, they can sell the real estate,
race tracks that are only good for race tracks, and not much else.
"Cidbone" <cid...@aol.com> wrote in message
news:20001021034952...@ng-fe1.aol.com...
Roscoe P.
Oct 22, 2000, 3:00:00 AM10/22/00
to
I'm not waiting for anything, just answering questions posed by Mr. Dornbos.
The NHRA is a not for profit organization and the IRS is/was investigating
it on that basis. No more , no less.
The NHRA is a not for profit organization and the IRS is/was investigating
it on that basis. No more , no less.
"boboo" <hec...@mindspring.com> wrote in message
news:8su3bb$pqi$1...@slb3.atl.mindspring.net...
Chip Louie
Nov 4, 2000, 3:00:00 AM11/4/00
to
Hi Roscoe,
The NHRA is an NPO and has been since day one. What is your source of your
mis-information about an IRS investigation? Please post it for me or email it
to me. I happen to know that this is in FACT a false statement.
Chip Louie
"Roscoe P." wrote:
> <<SNIPPED>>
Roscoe P.
Nov 5, 2000, 3:00:00 AM11/5/00
to
Chip, you may go back through any of the Southern Ca. papers, local track
papers, TV news archives, and If I'm not mistaken, N.D. even had a blurb
about it . It was headline news just a couple of years ago. All the IRS will
say is that there is an ongoing investigation and that they are not able to
comment on it. That the NHRA is a not for profit organization was never in
dispute, it's BECAUSE of that status that the investigation was initiated,
at least that's what I am led to believe. I know squat about mega-high
finance, and even less about what I read about this investigation, but I DID
read about it , and on more than one occaision. If you KNOW that there WAS
NO investigation, then the media made a big deal out of nothing. That has
happened before, alot. I'm not making anything out of it, I coul not care
less about the NHRA's financial situation. Someone asked a question and I
gave an answer based on what I read, as indicated in my post. Real or not.
big deal or not, just passing on what I read. I did make an inquiry and got
the no comment/active investigation routine from the IRS. There you have it
.............
papers, TV news archives, and If I'm not mistaken, N.D. even had a blurb
about it . It was headline news just a couple of years ago. All the IRS will
say is that there is an ongoing investigation and that they are not able to
comment on it. That the NHRA is a not for profit organization was never in
dispute, it's BECAUSE of that status that the investigation was initiated,
at least that's what I am led to believe. I know squat about mega-high
finance, and even less about what I read about this investigation, but I DID
read about it , and on more than one occaision. If you KNOW that there WAS
NO investigation, then the media made a big deal out of nothing. That has
happened before, alot. I'm not making anything out of it, I coul not care
less about the NHRA's financial situation. Someone asked a question and I
gave an answer based on what I read, as indicated in my post. Real or not.
big deal or not, just passing on what I read. I did make an inquiry and got
the no comment/active investigation routine from the IRS. There you have it
.............
"Chip Louie" <ch...@thelouie.org> wrote in message
news:3A0498E4...@thelouie.org...
boboo
Nov 9, 2000, 3:00:00 AM11/9/00
to
There was an investigation. Not unusual for IRS to latch onto an indiviual
or company and look at and bother them.
Nothing was ever found to bring charges or call for penalty payments.
It amounts to zip.news:ZK8N5.164477$g6.74...@news2.rdc2.tx.home.com...
or company and look at and bother them.
Nothing was ever found to bring charges or call for penalty payments.
It amounts to zip.news:ZK8N5.164477$g6.74...@news2.rdc2.tx.home.com...
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