Hello I'm having a contest through my small business. I'm a makeup artist and its sort of like Americas next top model except its in Minnesota. Its $10 to reserve a contestant spot, and also a $100 fee to audition. There are 200 spots so do the math, that's a lot of cash. There will be no more charges after this. We are going to narrow it down to 20 girls to have a fashion with and there will be 3 winners who will get prizers from sponsors, a modeling contract with my company and a $2000 cash prize. HOW DO I FILE THIS ON MY TAXES HELP!!!!!!
Do i have to file taxes if my small business does a sponsored contest?
- Thread starter crissy
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