Tag Archives: Shipley’s Do-Nuts

Mmmm, Donuts…Grrrr, Taxes!

Be careful about the prizes you give away to fans at the ballpark.  If the value of the prize is over $600, your winner is supposed to receive an IRS Form 1099 from you, so they can report and pay taxes on on the winnings.  This could backfire for you in the fan-relations department. Continue reading

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