Total Members Voted: 406
Voting closed: March 29, 2016, 12:24:45 am
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...but is there any chance that you could get in contact with a local Keysight distributor and ask if they would be willing to exchange it for some other equipment of a lesser value and let them wear the additional costs, I’m pretty sure someone else also mentioned a similar thing where they simply didn’t need a scope of this calibre and would rather acquire a collection of other more useful equipment instead.
No substitution, transfer, or assignment of the prize is permitted
Keysight could set up a webpage with the exact or estimated conditions, costs, tax, contact data (local distributor) etc. for each approved country. This should be possible for the publicity department and/or lawyers of such a international selling company.
Yes, Keysight is geared toward businesses. But I suspect most of the people entering the giveaway are individuals.
Hi Peter,here is some good info on sweepstakes tax in the US: http://finance.zacks.com/much-state-federal-tax-owed-sweepstakes-winnings-6171.htmlBut to be honest - I think if you accept the price and put it up for sale - you will come out with a profit enough to buy a great scope for yourself. But if you are lucky Keysight will help as much as they can - including providing their cost price or dealer price as the value as per above listed article.
I can't even contact them to ask since that would constitute a "contact" under the terms and conditions.
Quote from: kaz911 on March 07, 2016, 05:51:02 pmHi Peter,here is some good info on sweepstakes tax in the US: http://finance.zacks.com/much-state-federal-tax-owed-sweepstakes-winnings-6171.htmlBut to be honest - I think if you accept the price and put it up for sale - you will come out with a profit enough to buy a great scope for yourself. But if you are lucky Keysight will help as much as they can - including providing their cost price or dealer price as the value as per above listed article. Quote from: Peter_EEI can't even contact them to ask since that would constitute a "contact" under the terms and conditions.An important point from that article :- A winner is exempt from taxes if they refuse to accept the prize.If that is correct then Peter could contact Keysight without risk as he can simply refuse to accept the prize.Blah IANAL blah.
As I said - I think Keysight will help find the best possible solution somehow - they are not an evil Danaher Corp...
Quote from: kaz911 on March 07, 2016, 06:31:10 pmAs I said - I think Keysight will help find the best possible solution somehow - they are not an evil Danaher Corp... Yeah I completely agree - but from his post earlier Peter thought his only 100% safe way out was to _not_ contact them.
.... that my losses from last year are enough to offset winning the $70k 6000 X-Series
Quote from: rx8pilot on March 08, 2016, 12:05:21 am.... that my losses from last year are enough to offset winning the $70k 6000 X-SeriesUm... errr .... that is good news .... I think.
Quote from: Brumby on March 08, 2016, 04:52:42 amQuote from: rx8pilot on March 08, 2016, 12:05:21 am.... that my losses from last year are enough to offset winning the $70k 6000 X-SeriesUm... errr .... that is good news .... I think.Last 2 years were R&D years, so it was all spending and no selling. This year, I hope to sell my new developments. Quite nervous since it is all a personal investment - fingers crossed. A big win would really help achieve the dreams I am chasing.
Good news, I just got word from my CPA tax professional (wife in this case) that my losses from last year are enough to offset winning the $70k 6000 X-Series without having to pay a dime. That would take some of the sting from the R&D I spent the last couple of years.
I'm assuming they are hoping you will provide a nice story on what you do with the scope, which they can use for marketing material. The reality is most people will end up saying "Sold it to pay the tax liability."
Last 2 years were R&D years, so it was all spending and no selling. This year, I hope to sell my new developments. Quite nervous since it is all a personal investment - fingers crossed. A big win would really help achieve the dreams I am chasing.