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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
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10-16-2014, 01:10 PM
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A True Z Fanatic
 
Join Date: Jul 2011
Location: Pittsburgh PA
Posts: 38,517
Drives: 15 GT-R BE/09 370Z
Rep Power: 1402085   |
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
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