07-09-2009, 11:50 AM
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#31
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Drives: 2021 Sierra Denali 6.2L/10sp CC 4WD
Join Date: Mar 2009
Location: Houghton, Michigan
Posts: 234
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Originally Posted by wavrun2000
Ah what the heck it is a free Camaro I will enter even if it is a V6.
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Its ain't FREE. They will hit you big time on taxes, anything won is nailed at high rate. I know someone who won a 2006 Cadillac CTS and he told me the taxes were a nightmare.
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Winners will be required to provide his/her Social Security number or tax ID number for tax reporting purposes as Administrator will file an IRS Form 1099 with the Internal Revenue Service for the fair market value of prize.
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Total ARV of all prizes in Promotion is $47,730. All expenses and costs related to acceptance and use of the Promotion Prizes not expressly listed above including, but not limited to, meals, beverages, taxes and gratuities are entirely the winner's responsibility. Winner will be responsible for all taxes (not limited to federal, state, local and/or income) on prize. Prizes may not be transferred or assigned. No cash or other substitution may be made, except by the Sponsor, who reserves the right to substitute a prize in whole or in part with another prize of comparable or greater value if the intended prize is not available for any reason as determined by the Sponsor in its sole discretion. Except where prohibited by law, acceptance of prize constitutes permission for Sponsor to use winner's name, hometown, likeness, statements and other personally identifiable information for promotional, advertising and marketing purposes in any media throughout the world without additional prize, incentive, consideration, consent or review; and upon request, winner will provide written consent to such use.
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Last edited by CTS; 07-09-2009 at 12:08 PM.
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