Sears Shop your way rewards - Biggest win ever!!!

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dolfin09

Member
Sweepstakes Plus Subscriber
Wow, I can not believe this!

I was notified this morning that I am the "potential prize winner" in the Sears Shop Your Way Rewards, Cool Hollywood Sweepstakes! I won a trip for 2 to Los Angeles including a tour of a Hollywood backlot and a tour of a movie studio. The current ARV is listed at $10,000 with the notation that the actual value may vary based on point of departure, etc. In my case, it should ... and I hope it does because taxes ... and I am just so excited, I can't believe it!!! :-)

Thank you, Sweepstakes Plus and thank you Sears! So proud to be a member of both!
 
AWESOME dolfin09 CONGRATS!!!

Sears/ShopYourWayRewards.com - Cool Hollywood Sweepstakes
Enter to win a trip for two to Los Angeles, California, including hotel and airfare, and a VIP tour of a Hollywood movie studio. Prize valued at $10,000. To enter: sign in to your ShopYour WayRewards Account, go to 'Contests & Sweepstakes', scroll down to the one you want to enter (it only loads a few at a time), then follow the instructions on what task you need to complete to earn an entry. No purchase necessary.
Restrictions : 18+ US ShopYour WayRewards Member | Hits : 180 | Added : 01-18-13 | Expired : 02-15-2013 | Rules

Entry Category : One Entry

***See this thread about mitigating your tax hit:

http://www.sweepsadvantage.com/forum/questions-answers/17790-arv-your-taxes-{ty-lidarkside}.html

amyshulk said:
Information courtesy of this link ~ http://contests.about.com/od/taxesfinances/ht/FMVvsARV.htm

When you win a sweepstakes prize, you are only required by the IRS to report the fair market value (FMV), not the sponsor's approximate retail value (ARV); but how do you go about finding out what the FMV is and how do you handle the difference on your taxes? Find out here.

http://contests.about.com/od/taxesfinances/ht/FMVvsARV.htm
Click to expand...
 
dolfin09 said:
Thank you for the link about the tax information. I really appreciate it :-)
Click to expand...

You are most welcome! I've seen too many give up a great win because they didn't know they even could mitigate their tax hit, so when I saw your mention of concern about taxes... :p
 
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