1099 Tax Form for Driving Experience - The Unofficial BMW M5 Messageboard (m5board.com)

bob · 15th February 2001, 21:51

I was under the impression that we should be expecting a 1099 tax form for the value of our two days at the BMW Performance Center in Spartenburg. So far, I have not received a 1099 from BMW.

Anyone know anything about this? Are they not sending the forms?

Bob

Veritis · 15th February 2001, 23:35

I didn't get one either. I don't understand while we should get one.

Its not like we didn't all pay for it (i.e., factored in price of the car).

MarcK · 16th February 2001, 02:12

The fine print on the Driving Experience was very clear that it is not factored into the purchase price of the car, and that the car owner would owe income tax on the cost of the course. It did state that we would get a 1099 form.

I didn't get one, either. Perhaps BMW has realized how ridiculous this is, and that many owners would be pissed of, especially those who were not aware of this policy (it was never mentioned during the 2 days).

MAH · 16th February 2001, 16:35

Now if you could just avoid the sales tax by taking delivery in South Carolina, well I'm there!

BTW, does anyone know if Oregon has a sales tax?

Mark

Tom C · 16th February 2001, 17:25

Mark:

Oregon does not impose Sales Tax.

Tom

MAH · 16th February 2001, 17:58

Quote:

Originally posted by Tom C:
Mark:

Oregon does not impose Sales Tax.

Tom

Now that's where I am going to buy my car! Wow a 6 to 7 thousand dollor savings

!

Tanks,

Mark

bob · 16th February 2001, 21:40

MAH,

You can avoid sales tax by buying in Oregon - but only for the duration of a temporary registration. Max is, I think, 90 days. If you try to set up a local address for permanent registration, as soon as you register the car, Oregon will insist you get a local driver's license or prove to DMV why you should have a license from another state (i.e. Oregon is not your permanent residence). You'll pay sales tax when you register an OR car in CA.

Bob

MAH · 16th February 2001, 23:49

Ok ok shoot me down

. You can't help but try and save a buck or two or in this case several thousand. I would never register my car in CA. It will be registered in Texas where registration fees are low low low. Afterall, this will be a company vehicle, so long as you have a company in Texas.

Thanks for the tax advice,

Mark

Alan A · 17th February 2001, 00:00

Mark,

Not to mention the custom Bruyere Club or Walnut Gun Rack available as a Dealer Installed Option!

I was thinking of trying to get mine a Social Security number or something...nah, probably wouldn't work.

------------------
Alan

2001 M5 (Ordered Jan 25th!)
1981 M535i
1967 Ferrari 330 GTC

StaceyM · 17th February 2001, 00:18

I just learned that they will not be sending out 1099 forms for the cost of the program. It was an error on the part of someone at BMW that that was even said/put on any documents. We DO NOT have to pay taxes for the cost of the program!
Yee Haaaaa!

Quote:

Originally posted by bob:
I was under the impression that we should be expecting a 1099 tax form for the value of our two days at the BMW Performance Center in Spartenburg. So far, I have not received a 1099 from BMW.

Anyone know anything about this? Are they not sending the forms?

Bob

[This message has been edited by StaceyM (edited 17 February 2001).]

StaceyM · 17th February 2001, 00:26

I think we should pass the word on this right away! What do you think guys?

Quote:

Originally posted by StaceyM:
I just learned that they will not be sending out 1099 forms for the cost of the program. It was an error on the part of someone at BMW that that was even said/put on any documents. We DO NOT have to pay taxes for the cost of the program!
Yee Haaaaa!

[This message has been edited by StaceyM (edited 17 February 2001).]

Teutonaddict · 17th February 2001, 00:53

I really think it was just a CYA thing. They DID send me a letter explaining I would be responsible for any associated taxes, but I guess I didn't really expect to get a 1099. Nor do I now!
As an aside, I did the Performance Center Delivery about six weeks before my M5 Experience (I wanted my Beast as soon as humanly possible!!). I was told to expect a South Carolina state tax applicable to ANY new car delivered in that state, and it never materialized. Again, I think they were preparing me for the worst, and then probably were able to exert their significant stroke in SC to get exempted from the tax.
No taxation without representation! BTW, I'd gladly pay a tax on the M5 Experience---I still grin when I think about hammering around in somebody else's Beast!

------------------
'00 Carbon Black/Black All-Leather/Sportive
101421

bobafett · 17th February 2001, 05:06

I haven't even bothered to go sign up for it yet. Our first anniversary is next month, oh well. Nothing in NC can impress me more about her than can be done here

--Dan