Thoughts on the ever changing nature of our planet, the effects we are having on it, and examinations of all things science.
9.22.2009
Another college bowl game trip
Sweepstakes Title/Link - Domino's Bowl Game Sweep
Prize(s) - 2 day trip for 4 to a college bowl game of your choice & a $1,000 AMEX GC or check
End Date - October 26, 2009
Entry Frequency - daily per person/ email
Simone's Thoughts - This sweep is a perfect example of ARV vs FMV. On sweepstakes wins you only have to claim FMV = Fair Market Value on your taxes. The ARV of this sweep is $9,500 for a 1 night trip. The key to successfully claiming FMV is to price shop on everything you get with the sweep and keep copies of what the prize is really worth. That way when it comes to tax time, you can hopefully claim a more resonable amount for this prize. Since everything included with this is priceable (i.e. no celebrity appearance that might be up to them to value), you should be ok.
Labels:
bowl game,
college football,
football,
sweepstakes,
trip
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment