BallReviews

General Category => USBC Tournament => Topic started by: another300 on January 12, 2009, 06:13:12 AM

Title: Nationals money and taxes question?
Post by: another300 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?

Title: Re: Nationals money and taxes question?
Post by: justdale 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

Title: Re: Nationals money and taxes question?
Post by: justdale 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