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Author Topic: Nationals money and taxes question?  (Read 890 times)

another300

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Nationals money and taxes question?
« on: January 12, 2009, 06:13:12 AM »
Let's say you go to Vegas looking to bowl.  There is a team that needs a bowler. You don't have the entry fee to give them so they say, any money won by you they will keep.
Can they really do this?  I thought checks are made out to the bowler.  If so, how will they cash the check?  Not only that, if you win a pretty good amount won't you have to pay taxes?

 

justdale

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Re: Nationals money and taxes question?
« Reply #1 on: January 12, 2009, 02:26:56 PM »
Checks are made out to the bowlers but mailed to the team captains
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Dale Williams
Columbia 300 Utah Amateur Staff

justdale

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Re: Nationals money and taxes question?
« Reply #2 on: January 12, 2009, 02:30:10 PM »
You would be surprised how many team captains actually cash the checks and hand out the cash.
Yes, there is a possibility that you could actually win enough money to be taxed and yes you will get a 1099 from USBC, than you will have a dickens of a time getting the monies owed from that particular captain if it is somewthing like you asked in your question
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Dale Williams
Columbia 300 Utah Amateur Staff