The Northern California DX Club is pleased to conduct the IDXC 2017 raffle. Thank you for your participation, which helps make DX happen!
A raffle is defined by the IRS as a lottery, and the value of any prize(s) won is considered income taxable to the recipient. NCDXC is required by law to obtain a signed W-2G (Gambling Winnings) form (which includes the recipient's Social Security or Tax ID number) from the winners of any prize that exceeds a fair market value of $5001. For 2017, the prizes that qualify are the Elecraft K-Line and the FlexRadio Flex-6700. For the fortunate winners of these prizes, NCDXC will pay the required 33 1/3% withholding tax on behalf of those winners.
They will be required to sign a W-2G form and will receive a copy of that signed form before February 28, 2018. The form will also be submitted to the IRS at that time. Individuals are ultimately responsible for reporting and paying any taxes due on their raffle winnings. A person may opt to decline the prize if they will not provide the required W-2G information.
For more information, please refer to IRS Publication 3079—Tax Exempt Organizations and Gaming.
Thank you for your understanding and cooperation.
BUY TICKETS IN ADVANCE & GET 2 BONUS TICKETS PER BOOK! California law prohibits the sale of raffle tickets over the Internet. However, before the convention, you can buy raffle tickets by phone or by conventional mail. Normally, a book of ten (10) tickets is $10. However, advance purchasers will receive a bonus of two (2) additional tickets for each book purchased, for a total of twelve (12) tickets for $10.To order by phone (using any major credit or debit card), call Rich Seifert, KE1B at: (408) 395-5700, between 9 am and 8 pm Pacific time. If there is no answer, leave a message and he will contact you as soon as possible. To order by mail, send a check or money order (payable to IDXC) for the number of books requested ($10 per book), to:Rich Seifert, KE1B, 21885 Bear Creek Way, Los Gatos, CA 95033
Tickets purchased in advance will be included in your registration packet when you check in at the convention. Tickets can also be purchased on-site at the convention at the regular price of $10 per book. Cash, checks, and credit/debit cards will be accepted. Please write your name and callsign on the back of each ticket stub. Everyone who registers for the convention is eligible to win Major Prizes, including all IDXC Convention Committee members.
Raffle tickets are good for all prize drawings, including
all hourly drawings, Saturday Night Banquet, and Sunday Morning major prizes. -- except for the Pre-Registration prize drawing. Those who Pre-Register before the pre-registration deadline will receive a separate Pre-Registration Raffle Ticket in their registratiion packet.
Please note: To be eligible for the Major Prize drawings on Saturday night and Sunday morning, you MUST be registered at the Convention. However, you do not have to be present to win a major prize.