Lottery?

madwi · 10-16-2014, 10:13 AM

Quote:

Originally Posted by Wonka2581

Lol ya im 5-0... but just tryin to make this forum better then it already is... like I said it's just a thought....

( Click to show/hide )

Just messin around. Good idea if it works out

SouthArk370Z · 10-16-2014, 10:22 AM

I took a Q&D look at some of the hits on the Google link above and it looks like you have to be a registered non-profit and/or file some forms in some states (eg, CA). Even if it is legal where you are, I don't think you could sell tickets to people in those states. But I'm just some bozo on the Web - seek some expert advise.

Wonka2581 · 10-16-2014, 10:23 AM

Or Ak could get with a vendor(s) for diffrent items every week..

I.E. CF side blades... set raffle buy in for $5-$10 and winner gets the part Vendor probly makes 2-3 times normal cost, and with such a low buy in your really not losing much... and if you win you get $500 part for $5-$10 bucks...

Wonka2581 · 10-16-2014, 10:24 AM

Quote:

Originally Posted by SouthArk370Z

I took a Q&D look at some of the hits on the Google link above and it looks like you have to be a registered non-profit and/or file some forms in some states (eg, CA). Even if it is legal where you are, I don't think you could sell tickets to people in those states. But I'm just some bozo on the Web - seek some expert advise.

What if vendor is overseas? then you would be buying from them and nothing really happens in the states...

mishuko · 10-16-2014, 01:22 PM

the yes/no is if it's a lottery it has to be registered or could get really nasty really quickly. raffle is another story... vote for raffle!

Wonka2581 · 10-16-2014, 01:47 PM

Or here's another idea have like a $100-$200 buy in for a forced induction kit... if enough people do it, it's possible.....

FPenvy · 10-16-2014, 02:10 PM

here's your laws and rules.

biggest issue right away is "REMEMBER -- donors winning a raffle prize with a fair market value greater than $599.99 are required to pay income tax on the fair market value of that prize. Charities are required to issue a Form W-2G to the donor and to the IRS"

Sumption & Wyland - Strategic Planning, Executive Coaching, Training & Facilitation - Raffles & Charitable Lotteries

Charity Raffles – Tread Carefully

Raffle Laws | Raffle FAQ

mishuko · 10-16-2014, 02:14 PM

silly murica

Wonka2581 · 10-16-2014, 02:37 PM

Well its really up to everyone if they are willing to pay the tax on a big item... But this has the possibility to be great.. if enough people want to do it.

FPenvy · 10-16-2014, 02:38 PM

Quote:

Originally Posted by Wonka2581

Well its really up to everyone if they are willing to pay the tax on a big item... But this has the possibility to be great.. if enough people want to do it.

could always raffle off gift cards with no determined amount of a small amount with the understanding with the supplier that it is for something else.

best part about the stupidity of taxes and whatnot in america is the amount of loopholes there are around them.

Zoren 370 · 10-16-2014, 04:13 PM

Let us know what AK says about it.

Then we will seek petition from Obama. Just kidding.

ZeeBabar · 10-16-2014, 06:15 PM

Here is another great lottery idea. A lottery where 500 of us pay $100 bucks each and the winner gets a 2015 Nismo.

At the Dubai airport, you could win a McLaren. They have lotteries limited to 5000 people, each paying the equivalent of $139 for a Ferrari or a McClaren.

Wonka2581 · 10-24-2014, 01:05 PM

UPDATE....

Ak wrote me back..

Quote:
Originally Posted by AK370Z
Quote:
Originally Posted by Wonka2581
Hey Ak,

I had an idea for the forum, let me know what you think maybe it will or could fly.

I was thinking about maybe starting a lottery.. Like have a $10 or $20 buy in and once a week or month have a drawing... the winner would get the money from the buy in to use for mods from a vendor on the forum.. I think it would be awesome for people who are kinda strapped for cash to be able to get mods for the Z... also a percentage of the pot could be sent to you to keep this awesome forum going... let me know what you think. It would also be open to premium members only....

Thanks,

Hi,
I wanted to do this for the "member of the month" where randorm premium member will be picked and they will receive $100 to be used for any parts shop at the end of the month. I may look into this. Thanks fof Ok

cool thanks AK... I made a thread on this and the people on the forum seem to all in for it... Please keep us posted..

10-16-2014, 10:22 AM	#17 (permalink)
SouthArk370Z Premium Member Join Date: Nov 2010 Location: South Arkansas Posts: 8,435 Drives: 2014 Challenger Rep Power: 324198	I took a Q&D look at some of the hits on the Google link above and it looks like you have to be a registered non-profit and/or file some forms in some states (eg, CA). Even if it is legal where you are, I don't think you could sell tickets to people in those states. But I'm just some bozo on the Web - seek some expert advise. __________________ Steering Lock Links - Search The370Z Bookmarklet - FSM @ NICOclub Mankind has progressed past the need for war but we haven't evolved that far. - NachoMahma

10-16-2014, 10:23 AM	#18 (permalink)
Wonka2581 A True Z Fanatic Join Date: Nov 2012 Location: Chattanooga, TN Posts: 3,083 Drives: MY WIFE CRAZY.... Rep Power: 2612	Or Ak could get with a vendor(s) for diffrent items every week.. I.E. CF side blades... set raffle buy in for $5-$10 and winner gets the part Vendor probly makes 2-3 times normal cost, and with such a low buy in your really not losing much... and if you win you get $500 part for $5-$10 bucks... __________________ "I have nothing to offer but blood, toil, tears and sweat""Winston Churchill"

10-16-2014, 01:22 PM	#20 (permalink)
mishuko A True Z Fanatic Join Date: Jul 2014 Location: bouncin on tigga Posts: 8,062 Drives: '12 Z Rep Power: 9435	the yes/no is if it's a lottery it has to be registered or could get really nasty really quickly. raffle is another story... vote for raffle! FPenvy likes this.

10-16-2014, 01:47 PM	#21 (permalink)
Wonka2581 A True Z Fanatic Join Date: Nov 2012 Location: Chattanooga, TN Posts: 3,083 Drives: MY WIFE CRAZY.... Rep Power: 2612	Or here's another idea have like a $100-$200 buy in for a forced induction kit... if enough people do it, it's possible..... __________________ "I have nothing to offer but blood, toil, tears and sweat""Winston Churchill"

10-16-2014, 02:37 PM	#24 (permalink)
Wonka2581 A True Z Fanatic Join Date: Nov 2012 Location: Chattanooga, TN Posts: 3,083 Drives: MY WIFE CRAZY.... Rep Power: 2612	Well its really up to everyone if they are willing to pay the tax on a big item... But this has the possibility to be great.. if enough people want to do it. __________________ "I have nothing to offer but blood, toil, tears and sweat""Winston Churchill"

10-16-2014, 02:14 PM	#23 (permalink)
mishuko A True Z Fanatic Join Date: Jul 2014 Location: bouncin on tigga Posts: 8,062 Drives: '12 Z Rep Power: 9435	silly murica

10-16-2014, 04:13 PM	#26 (permalink)
Zoren 370 A True Z Fanatic Join Date: Mar 2012 Location: FL Posts: 11,018 Drives: 11 Nissan 370 M6 Rep Power: 1913653	Let us know what AK says about it. Then we will seek petition from Obama. Just kidding. Wonka2581 likes this. Last edited by Zoren 370; 10-16-2014 at 04:16 PM.

10-16-2014, 06:15 PM	#27 (permalink)
ZeeBabar Banned Join Date: Oct 2013 Location: Missouri Posts: 423 Drives: 2006 350z Rep Power: 0	Here is another great lottery idea. A lottery where 500 of us pay $100 bucks each and the winner gets a 2015 Nismo. At the Dubai airport, you could win a McLaren. They have lotteries limited to 5000 people, each paying the equivalent of $139 for a Ferrari or a McClaren. Wonka2581 likes this.

10-24-2014, 01:05 PM	#28 (permalink)
Wonka2581 A True Z Fanatic Join Date: Nov 2012 Location: Chattanooga, TN Posts: 3,083 Drives: MY WIFE CRAZY.... Rep Power: 2612	UPDATE.... Ak wrote me back.. Quote: Originally Posted by AK370Z Quote: Originally Posted by Wonka2581 Hey Ak, I had an idea for the forum, let me know what you think maybe it will or could fly. I was thinking about maybe starting a lottery.. Like have a $10 or $20 buy in and once a week or month have a drawing... the winner would get the money from the buy in to use for mods from a vendor on the forum.. I think it would be awesome for people who are kinda strapped for cash to be able to get mods for the Z... also a percentage of the pot could be sent to you to keep this awesome forum going... let me know what you think. It would also be open to premium members only.... Thanks, Hi, I wanted to do this for the "member of the month" where randorm premium member will be picked and they will receive $100 to be used for any parts shop at the end of the month. I may look into this. Thanks fof Ok cool thanks AK... I made a thread on this and the people on the forum seem to all in for it... Please keep us posted.. __________________ "I have nothing to offer but blood, toil, tears and sweat""Winston Churchill"

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