First 86 Long Beach Trip Registry - Page 2 - Toyota GR86, 86, FR-S and Subaru BRZ Forum & Owners Community

TStump · 03-04-2012, 08:39 PM

California is 2400 miles away...I'll never get this chance again. I'll be there!

luxmn · 03-04-2012, 11:15 PM

Im in.

fiance: you better not mess around w any girls
me: cmon there cant be any there. I bet its all guys

Im wrong, right? Lol I kid

NERO · 03-04-2012, 11:49 PM

Not one of the First 86.

SpecPer · 03-05-2012, 10:07 AM

Quote:

Originally Posted by SuperSnipe

Flying in from Miami, wife ain't too happy about it but i'll be there.

We are both in the same boat.

Dadhawk · 03-05-2012, 10:51 AM

Have the all clear from the homefront but waiting to get some information on potential tax implications from the marketing company.

For any of those that attended the Miami event, did you end up getting a tax bill for that? Not sure if this counts as a sweepstakes/contest win or not but that could make/break my decision.

Brett · 03-05-2012, 11:04 AM

Quote:

Originally Posted by Dadhawk

Have the all clear from the homefront but waiting to get some information on potential tax implications from the marketing company.

For any of those that added the Miami event, did you end up getting a tax bill for that? Not sure if this counts as a sweepstakes/contest win or not but that could make/break my decision.

Someone somewhere posted that they got a 1099 or some such thing, so yes you will likely have to pay taxes on this.

Dadhawk · 03-05-2012, 11:56 AM

Quote:

Originally Posted by Brett

Someone somewhere posted that they got a 1099 or some such thing, so yes you will likely have to pay taxes on this.

Couldn't find anything here but did find a thread on SCIONLIFE that covered it, including difficulties getting the form from them.

So, you'll get either a 1099 if they consider it a result of the drawing, or a W2-G (nonemployee income) if they don't.

Either way, as probably pretty much everyone thought, there is a tax liability. Before I can decide to go, I need to know what value they plan to assign to the trip.

As much as I would like to go and meet everyone, I need to know how much its going to cost me so I can make an informed decision.

MarkRacerX · 03-05-2012, 12:50 PM

Count me in !

SCION !!!!

Future · 03-05-2012, 12:59 PM

Quote:

Originally Posted by Dadhawk

As much as I would like to go and meet everyone, I need to know how much its going to cost me so I can make an informed decision.

Don't you have to reply by .... today (or so) to Scion?

Dadhawk · 03-05-2012, 01:07 PM

Quote:

Originally Posted by Future

Don't you have to reply by .... today (or so) to Scion?

Yes, have a note into the marketing company indicating tentative but I need to speak to someone to confirm, and gave them my number. Will try calling once they are in the office on the West Coast.

borge12 · 03-05-2012, 01:12 PM

Quote:

Originally Posted by Dadhawk

Couldn't find anything here but did find a thread on SCIONLIFE that covered it, including difficulties getting the form from them.

So, you'll get either a 1099 if they consider it a result of the drawing, or a W2-G (nonemployee income) if they don't.

Either way, as probably pretty much everyone thought, there is a tax liability. Before I can decide to go, I need to know what value they plan to assign to the trip.

As much as I would like to go and meet everyone, I need to know how much its going to cost me so I can make an informed decision.

Didn't even think about this. Completely forgot about that aspect. Can you post when you get an answer?

Dadhawk · 03-05-2012, 01:15 PM

Quote:

Originally Posted by borge12

Didn't even think about this. Completely forgot about that aspect. Can you post when you get an answer?

Just talked with Sydney. She said this was just brought to her attention by someone else and she is working on getting an estimated value for the trip to update me. I suggested she should send a note to the full 86, but regardless when I find an answer I'll post here.

At this point, I'm a tentative "YES". Traveling from the East Coast though, this could be an expensive trip and the answer will depend on the APV (approximate prize value).

borge12 · 03-05-2012, 01:25 PM

So, would the APV could be considered income? If the trip is worth $2000, and my tax bracket is at 25%, would I owe $500?

Dadhawk · 03-05-2012, 01:48 PM

Quote:

Originally Posted by borge12

So, would the APV could be considered income? If the trip is worth $2000, and my tax bracket is at 25%, would I owe $500?

That is my understanding, pretty much true for any type of sweepstakes or other contest. If the single value is over $600 then you should get a 1099 and the IRS then definitely will be looking for it. Can't see how this wouldn't be over that amount. Regardless, even if its under that amount, you are supposed to report it.

03-05-2012, 10:51 AM	#19
Dadhawk Senior Member Join Date: Feb 2012 Drives: '13 FR-S (#3 of 1st 86) Location: Powder Springs, GA Posts: 20,109 Thanks: 39,676 Thanked 25,440 Times in 11,602 Posts Mentioned: 187 Post(s) Tagged: 4 Thread(s)	Have the all clear from the homefront but waiting to get some information on potential tax implications from the marketing company. For any of those that attended the Miami event, did you end up getting a tax bill for that? Not sure if this counts as a sweepstakes/contest win or not but that could make/break my decision. Last edited by Dadhawk; 03-05-2012 at 11:35 AM. Reason: spelling again... what is it with these forums and my spelling?!?

03-05-2012, 12:50 PM	#22
MarkRacerX Senior Member Join Date: Jan 2012 Drives: 12' Evo X , prior 1st 86 FR-S Location: Spokane, WA Posts: 545 Thanks: 697 Thanked 176 Times in 72 Posts Mentioned: 2 Post(s) Tagged: 0 Thread(s)	CA Trip! Count me in ! SCION !!!! __________________ Autocross & Drift = my Anti Drug!! I have Car A.D.D prior few: 12' Evo GSR, 13' FR-S, 11' STi, 08' 135i, 07' 335Xi, 08' STi, 04' 350Z, 04' STi, 02' WRX. 96' GSR, 04' SE-R/SpecV

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03-04-2012, 08:39 PM	#15
TStump Junior Member Join Date: Jan 2012 Drives: 05 tC Location: WV Posts: 7 Thanks: 0 Thanked 0 Times in 0 Posts Mentioned: 0 Post(s) Tagged: 0 Thread(s)	California is 2400 miles away...I'll never get this chance again. I'll be there!

03-04-2012, 11:15 PM	#16
luxmn First FR-S Join Date: Jan 2012 Drives: Whiteout MT FRS Location: austin tx Posts: 561 Thanks: 120 Thanked 125 Times in 83 Posts Mentioned: 2 Post(s) Tagged: 0 Thread(s)	Im in. fiance: you better not mess around w any girls me: cmon there cant be any there. I bet its all guys Im wrong, right? Lol I kid

03-04-2012, 11:49 PM	#17
NERO Senior Member Join Date: Feb 2012 Drives: 2012 Honda Ruckus Location: Over There> Posts: 132 Thanks: 0 Thanked 0 Times in 0 Posts Mentioned: 1 Post(s) Tagged: 0 Thread(s)	Not one of the First 86.

03-05-2012, 01:25 PM	#27
borge12 Member Join Date: Dec 2011 Drives: Tie Fighter Location: USA Posts: 80 Thanks: 1 Thanked 0 Times in 0 Posts Mentioned: 0 Post(s) Tagged: 0 Thread(s)	So, would the APV could be considered income? If the trip is worth $2000, and my tax bracket is at 25%, would I owe $500?

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