Tax question / free hardware
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@TAHIN so you won that $60k HPE contest on SW?
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@TAHIN said in Tax question / free hardware:
Sorry I can't get too wordy until we decide if we're going to accept. I'll update you soon.
As @scottalanmiller said, prize winnings are income and taxes have to be paid on it.
This is famously known regarding the Price is Right prizes.
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@RojoLoco said in Tax question / free hardware:
@TAHIN so you won that $60k HPE contest on SW?
Affirmative. After a meeting with the CPA and receiving the green light, we are good to go. No taxes will be incurred. Don't ask me to explain it because I don't know how
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@TAHIN said in Tax question / free hardware:
@RojoLoco said in Tax question / free hardware:
@TAHIN so you won that $60k HPE contest on SW?
Affirmative. After a meeting with the CPA and receiving the green light, we are good to go. No taxes will be incurred. Don't ask me to explain it because I don't know how
Congrats
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After some great advice from you folks, we are going to be very disciplined about the fact that you don't just throw something like this into production. A lot of planning hours will go into it. (HP c7000 enclosure with a couple servers and flexconnect gear). Thanks all!
