Equipment Raffle - Engraving Etc. Forum

From:	Stunt Engraver (DGL)	15 Mar 2007
To:	Cap'n Ron (RONSTROWGER)	27 of 47

6304.27 In reply to 6304.26
Thank you Ron. We look forward to hearing what you find, as to the legal aspect. David "The Stunt Engraver" Lavaneri DGL Engraving Port Hueneme, CA

From:	Cap'n Ron (RONSTROWGER)	15 Mar 2007
To:	Stunt Engraver (DGL)	28 of 47

6304.28 In reply to 6304.27
All, There is a permit to file for the raffle within the state of Oregon for the ability to hold a raffle in a one year period. The real problem is the intrastate issue. Essay contests are alot easier to deal with, but some states that do not allow gambling make it manditory to allow free entries. A little unfair for this instance. Still have not had my final discussion with my accountant, but I will post as soon as I here something. Please throw ideas my way if there is something that has worked for any of you in the oranizations you may be associated with. Thank you for your interest in this exciting venture. Sincerely, Ron Strowger

From:	sprinter	15 Mar 2007
To:	Cap'n Ron (RONSTROWGER)	29 of 47

6304.29 In reply to 6304.28

You also have a problem with State taxes. Most states treat any winnings as income for tax purpose. And then you have Federal taxes.....

I won a car in a raffle a couple of years ago and had to prepay the taxes before I could get title to the car. I had to pay almost $12k for a 26k car.

EDITED: 15 Mar 2007 by SPRINTER

From:	Stunt Engraver (DGL)	15 Mar 2007
To:	Jer (DIAMOND)	31 of 47

6304.31 In reply to 6304.30
Jer, I'm hoping you're wrong, but I do have some moments of clarity. :-) David "The Stunt Engraver" Lavaneri DGL Engraving Port Hueneme, CA

From:	RICK (THUMBSUP)	17 Mar 2007
To:	Stunt Engraver (DGL)	32 of 47

6304.32 In reply to 6304.31
David,sitting next to you at the Beach Party I didn't see the look of guilt on your face after you won.For that I am sorry,because I would have gladly taken the prize off your hands if I had known it was going to cause you such distress!And as for Harvey-it was a noble thing he did to return his own name to the bucket after drawing it.He was still rewarded with a poker chip for his nobility.I,on the other hand won absolutely NOTHING!So for those of you with feelings of guilt and despair,feel free to give me your fabulous prizes next year because I love to win and have no guilt complex whatsoever!(Insert good-natured laugh here).

From:	Stunt Engraver (DGL)	17 Mar 2007
To:	RICK (THUMBSUP)	33 of 47

6304.33 In reply to 6304.32
Rick, Forgive me for being so rude. The least I could have done is break the wood products basket up, into several door prizes. That way, I wouldn't have had to carry 25 lbs. of wood back to my car. :-) It was wonderful to see you and your wife at the party. 2008 promises to be the party to beat all. :-) David "The Stunt Engraver" Lavaneri DGL Engraving Port Hueneme, CA

From:	Ruben (QUIEROLEARN)	17 Mar 2007
To:	Stunt Engraver (DGL)	34 of 47

6304.34 In reply to 6304.33

David,

are you sure it was 25 lbs.? ...I think it was a little more

(devil)

Ruben

From:	Stunt Engraver (DGL)	17 Mar 2007
To:	Ruben (QUIEROLEARN)	35 of 47

6304.35 In reply to 6304.34
Ruben, I forgot that you carried the box for awhile. :-) Whatever the box weighed, it was a very generous door prize. David "The Stunt Engraver" Lavaneri DGL Engraving Port Hueneme, CA

From:	LaZerDude (C_BURKE)	18 Mar 2007
To:	RICK (THUMBSUP)	36 of 47

6304.36 In reply to 6304.32
quote: And as for Harvey-it was a noble thing he did to return his own name to the bucket after drawing it.He was still rewarded with a poker chip for his nobility. Rick, you are correct.....but did you try getting that camera from Dee? I would soon swim with Pirhana. :D

From:	Cap'n Ron (RONSTROWGER)	20 Mar 2007
To:	sprinter	37 of 47

6304.37 In reply to 6304.29
Sprinter, Why does the government feel the need to re-tax what has already been taxed? All these issues sure put a kink in the fun. I am finding a ton of these issues for this raffle. It is begining to spiral out of control in all this government bureaucracy. No wonder the trade deficit and budget are in such a mess. Thank you for your reply. Sincerely, Ron Strowger
EDITED: 20 Mar 2007 by DGL

From:	Lisa (TROPHYUSA)	20 Mar 2007
To:	ALL	38 of 47

6304.38
For all of you that are feeling bad about winning prizes, I would happily take them off your hands -- in the interest of making you feel better, of course! Lisa R. Higginbotham www.5starawards.net Commit your work to the LORD, and then your plans will succeed. --Proverbs 16:3, NLT

From:	Dee (DEENA-ONLY)	20 Mar 2007
To:	Lisa (TROPHYUSA)	39 of 47

6304.39 In reply to 6304.38

I'm not feeling bad about winning! :P

Dee

Philadelphia, PA (Really Bensalem)

From:	Lisa (TROPHYUSA)	20 Mar 2007
To:	Dee (DEENA-ONLY)	40 of 47

6304.40 In reply to 6304.39
Rats! I need a new camera! Lisa R. Higginbotham www.5starawards.net Commit your work to the LORD, and then your plans will succeed. --Proverbs 16:3, NLT

From:	UncleSteve	20 Mar 2007
To:	Stunt Engraver (DGL)	41 of 47

6304.41 In reply to 6304.40
David, Here is a similar situation that was on the CBS news this morning: http://www.winmyhouse.net/ It was done as a contest......... "Good friends can be a real annoyance."

From:	sprinter	20 Mar 2007
To:	ALL	42 of 47

6304.42

This is just part of the Federal Law on Taxes for Raffle Prizes

Federal Income Tax Withholding: Raffle Prizes

Individual raffle prizes have the potential to be $600 or greater. It is imperative that organizations holding raffles be aware of the federal income tax withholding requirements. The following was reviewed by the IRS on November 23, 2004.

If the prize amount is more than $5,000, the organization must obtain proper identification from the winner (as described above) and withhold 25% of the prize. If the organization is unable to obtain proper identification, they must withhold the higher "backup withholding.

Most states also have similiar taxes on Raffle Prizes. (when I won the car in a raffle, California tax rate was 33%)

Contest winners are subject to similiar taxes.

They all have their hand out to get their share.

EDITED: 20 Mar 2007 by SPRINTER

From:	Cap'n Ron (RONSTROWGER)	31 Mar 2007
To:	sprinter	43 of 47

6304.43 In reply to 6304.42
It is turning into the give-me-more of my share with the government. Because I am not a non-profit business, raffle across state lines is taboo. Permits would have to be obtained in every state. It seems that there are too many that do not allow these activities. Then there is this taxes thing. I have already paid the taxes on this stuff. Sure seems I should be able to do what ever I want with it! Anyhow, I seem to be running out of options. Seemed fun at the get go. Sincerely, Ron Strowger

From:	Stunt Engraver (DGL)	1 Apr 2007
To:	Cap'n Ron (RONSTROWGER)	44 of 47

6304.44 In reply to 6304.43
Ron, Being that the raffle looks impossible, how will you promote the sale of your equipment? ebay? David "The Stunt Engraver" Lavaneri DGL Engraving Port Hueneme, CA

From:	Cap'n Ron (RONSTROWGER)	2 Apr 2007
To:	Stunt Engraver (DGL)	45 of 47

6304.45 In reply to 6304.44
David, That seems to be the next best thing. I am working with a friend who ebays alot to get the best advice to show the stuff. This will probably be the best low cost avenue. What would you look for when bidding on something like this on ebay? Sincerely, Ron Strowger

From:	Stunt Engraver (DGL)	2 Apr 2007
To:	Cap'n Ron (RONSTROWGER)	46 of 47

6304.46 In reply to 6304.45
quote: What would you look for when bidding on something like this on ebay? I've never listed anything or bid on ebay. Plenty of people here have and I'm sure they can offer some prudent advice. David "The Stunt Engraver" Lavaneri DGL Engraving Port Hueneme, CA