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Noel
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4,604 Posts
Discussion Starter #1
An anonymous Rat-fink, jilted suitor, what ever, has filed an informants complaint accusing miss classification of the entity as a 501c organization.
 

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Noel
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4,604 Posts
Discussion Starter #2

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LEX MALLA LEX NULLA
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1,072 Posts
No doubt the NHRA's Lawyers have poured over the 501(c)(6) regulations with a fine tooth comb and the NHRA fully meets the requirements for tax exempt status.

Should come to nothing.
 

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Noel
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4,604 Posts
Discussion Starter #4
This article at Competition Plus gives more detailed analysis & insight.

I'm no expert in exempt Org's, I'm reading through all this as a layman like everyone else, invitation to others to comment on their opinions, especially those of our members with insights on this topic from the legal angle.

Also a Forbes article on this matter.


MODS: If this goes OT please move to the OT section, for now I think it's forum relevant to those of us with a racing interest.
 
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