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Author Topic: IRS and USBC rule reguarding money  (Read 1116 times)

BrianCRX90

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IRS and USBC rule reguarding money
« on: September 09, 2007, 08:01:05 AM »
At first I thought it was a joke so for all I know it still is. No mention of this in my first league meeting but the second on the manager states the new USBC rules that go into effect like pre and post bowling awards which I already know. The other was about things like 50/50 tickets which we use for the prize fund. According to USBC from the IRS who is interested in getting some of that money and  to get around the gambling laws whoever wins the ticket must shoot at one pin after winning. The most retarded thing about even bringing this up is the fact the tickets are always drawn while there is bowling going on.
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azguy

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Re: IRS and USBC rule reguarding money
« Reply #1 on: September 09, 2007, 05:04:51 PM »
No. I did several hours on the phone and emails with the IRS about a 50/50 and Gaming Laws. As Long as (the 50 part) goes to a non-profit group, which a league is considered, it is NOT gambling. It is a Sports Gaming, but under the IRS and AZ ( my state) that money is not considered a gambling money.

Each state has different laws, but the IRS does not consider it to be a gambling issue. Yes, I saves all emails and have a letter from the IRS backing up , as well as AZ (my state) gaming laws just in case anyone wanted to pitch a fit about this subject.

Not sure where you got your info from, but it wasn't the IRS folks I talked to.
--------------------
az guy aka: R & L Bowlers Pro
rlbowlerspro@cox.net
www.rlbowlerspro.com

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