Planning on hosting my first wrestling tournament. We are generating sponsorship to pay for the event (insurance, facility cost, materials, advertising, etc.). If it will cost somewhere around $10,000 then how much money do we need to raise to cover my tax responsibility? Approximately what percentage of the money will go to taxes?
Jan 31st 2018 11:24
What's tax responsibility of sponsors sport event?
Going to host sporting event. Sponsors pay. What's my tax responsibility for the sponsorship?
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