Michowski Wrote:remember, what happens in the lot stays at the lot.
Night Racing.....racing, at night...with the daughter of the Dean....
DAVEC-NITRO-RS4 Wrote:Night Racing.....racing, at night...with the daughter of the Dean....
What?
lol, I've got to head home. I got midnight mass on saturday night for my easter. Race all day saturday, then goto midnight mass, followed by dinner at my uncles house. Get home around 2am, sleep a little, and back to the track!
Sleep takes a back seat for me this weekend
.
orthodox greek easter huh?
Yep. I'm gonna miss my unlces big easter bbq for the first time in years
. I told my parents to bring me home some food.
rocco79 Wrote:What?
Sorry, I was stretching for that Caddy Shack reference...night putting, night racing....nevermind....:o:
There is an age limit on those jokes ya know!
or a vauge-ness limit! lol!
Sorry, how about this.....
With 200 racers, it's gonna bring new meaning to the term "Pit Room".
Somebody open a window !!!!!!! And cooks....no beans!
You guys are not looking at this the right way. it's 200 entrys, not people. with people running two or more classes the total number of people will only be maybe 140
Bernie is there anyway I can pit next to the drivers stand?
Bernie or whom ever organizing this event should answer this.
I have never done or been involved in a Fundraiser\Cause before.
My questions are...
1. When the advertisement says all Proceeds go the Foundation does that mean all the people who paid to do this, all that money goes to the fund?
2. Is it after all the initial costs like rental of the track or what not?
3. Does this mean LHR is donating part of the fee to the cause?
4. Are or will receipts going to be given to those who ask for tax deductions?
Bernie gets to write a $10,000 check to ADA thereby getting a $4000 tax refund next year to offset his medical bills, which are also deductible.
JK.... You don't need receipts to take a deduction. You just need them if you get audited.
Bio, Joe Torres is the one putting on the race and can answer better then I. I know the A D A has been in touch with me to make sure that it's all on the up and up. and I think someone from the A D A will be there also. I don't know if they give a receipt or not. and yes the track is being rented for the race.
Bio, All "proceeds" mean that after all the bills have been paid, then everything else goes to the charity. I should have put part of the proceeds to clarify that but it still has the same meaning.
As far as a reciept is concerned for donating any money, its just like Dave said. you only need it if you get audited. I highly doubt that the gov will hunt you down for anything under $100. If it was like $300 then yes you should get a receipt. They will not be available as far as i know for your entry, but if you would like to donate money in your name then you need to give directly to the ADA and they will get a receipt back to you. I was thinking of printing up some envelopes with the ADA address on them so people can mail them directly to the ADA and they could send you a receipt back. Not sure if people are bringing there checkbooks with, but would this be worth doing? If so I will do that.
LHR is getting paid for us to host this event, the bills need to be paid to run such a building and that is understandable, but Scott has been VERY generous(sp) with what he is charging us so we can give MOST of the money to the charity. SO the way that I see it, LHR is the major sponsor of the event and rightfully so. We are very greatfull to have LHR host this event and for donating a great reduction in charging us. Make no mistake about it, this was a great donation by LHR. I couldnt think of any other track to host such a great event.
Hope this helps. JT
We will have ADA envelopes there...... I have some.....
Thanks Joe for the explanation. Yes that helped.
One thing---you are correct on the auditing for that amount. When you do this several times a year on line or what however which the wife and I do, it adds up and we need to keep the documentation just for that case of auditing. We just never did anything like this event.
You can deduct up to a dollar amount without proof anything above that you need to have some sort of proof.
So when you donate cloths and it is picked up they leave something for your tax deductions documantation.
To others I apologize for sidetracking the topic at hand.
Thanks again guys
Dont apoligize, Its usfull info to know. Thanks Bio.