Dedicated to the Promotion and Preservation of American Muscle Cars, Dealer built Supercars and COPO cars. |
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#11
12-24-2007, 05:54 PM
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Re: Christmas Corvette
Those "gift packs" are now considered taxable income by the IRS.
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 COPO 9561/9737 M40 X11D80 13.37 @ 105.50 on pump gas,drove it to NATL TRAILS and back [email protected] SCR22 
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#12
12-24-2007, 09:19 PM
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Re: Christmas Corvette
[ QUOTE ]
Those "gift packs" are now considered taxable income by the IRS [/ QUOTE ] In Jeffs case he sends out 15 care packages for every one he receives. Therefore he can more than offset any taxable gain.
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