Author Topic: Win 1,000,000 Marriott Points  (Read 7463 times)

Offline Mordy788

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Win 1,000,000 Marriott Points
« on: December 04, 2011, 02:55:41 PM »
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Offline Dan

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Re: Win 1,000,000 Marriott Points
« Reply #1 on: December 04, 2011, 07:59:50 PM »
The ARV of the Grand Prize is USD $12,500 (1.25cpp). Grand Prize and First Prize winners who are legal residents of the 50 U.S. or DC will each be issued a 1099 tax form for the appropriate retail value of prize.

At 40% marginal fed+state+local=$5,000 tax bill.
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Offline Nitantnel

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Re: Win 1,000,000 Marriott Points
« Reply #2 on: December 04, 2011, 11:04:59 PM »
Farshultine government

Offline Spiffster

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Re: Win 1,000,000 Marriott Points
« Reply #3 on: December 05, 2011, 02:16:00 AM »
The ARV of the Grand Prize is USD $12,500 (1.25cpp). Grand Prize and First Prize winners who are legal residents of the 50 U.S. or DC will each be issued a 1099 tax form for the appropriate retail value of prize.

At 40% marginal fed+state+local=$5,000 tax bill.

135K points will get you $1000 in gift cheques.  1M = 7K plus 55K left over...



Offline YudiG

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Re: Win 1,000,000 Marriott Points
« Reply #4 on: December 05, 2011, 05:38:17 AM »
The ARV of the Grand Prize is USD $12,500 (1.25cpp). Grand Prize and First Prize winners who are legal residents of the 50 U.S. or DC will each be issued a 1099 tax form for the appropriate retail value of prize.

At 40% marginal fed+state+local=$5,000 tax bill.

doesn't seem like much of a deal then...oh well

Offline sawlw

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Re: Win 1,000,000 Marriott Points
« Reply #5 on: December 05, 2011, 08:51:58 AM »
Have a mosed claim it  ;)

Offline AsherO

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Re: Win 1,000,000 Marriott Points
« Reply #6 on: December 05, 2011, 10:03:36 AM »
Have a mosed claim it  ;)

There's probably something in the terms about it being non-transferable.
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Offline sawlw

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Re: Win 1,000,000 Marriott Points
« Reply #7 on: December 05, 2011, 02:26:07 PM »
Can u decline the prize ......"IF" you win?

Offline Spiffster

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Re: Win 1,000,000 Marriott Points
« Reply #8 on: December 06, 2011, 02:13:29 AM »
Can u decline the prize ......"IF" you win?

sure, no problem.  and some sweepstakes will let you designate a third-party to accept the gift without you taking possession/ownership (and thus becoming liable for taxes, even if you immediately give it away).

Offline AsherO

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Re: Win 1,000,000 Marriott Points
« Reply #9 on: December 06, 2011, 04:06:42 AM »
and some sweepstakes will let you designate a third-party to accept the gift without you taking possession/ownership (and thus becoming liable for taxes, even if you immediately give it away).

Not this one (from the Official Rules):

Quote from: excerpt from Official Rules
6. Prizes and Approximate Retail Values (“ARV”):

One (1) Grand Prize: One (1) Grand Prize will be awarded. The Grand Prize consists of 1,000,000 Marriott Rewards® Points. The ARV of the Grand Prize is USD$12,500. Five (5) First Prizes: Five (5) First Prizes will be awarded. Each First Prize consists of 100,000 Marriott Rewards® Points. The ARV of each First Prize is USD$1,250. Fifty (50) Second Prizes: Fifty (50) Second Prizes will be awarded. Each Second Prize consists of 10,000 Marriott Rewards® Points. The ARV of each Second Prize is USD$125. Three-thousand seven-hundred and twenty (3,720) Instant Win Prizes [five (5) per hour]: Three-thousand seven-hundred and twenty (3,720) Instant Win Prizes will be awarded. Each Instant Win Prize consists of 1,000 Marriott Rewards® Points. The ARV of each Instant Win Prize is USD$12.50. The total ARV of all prizes to be awarded is: USD$71,500. Limit one (1) Grand, First or Second Prize per person and per household. Limit one (1) Instant Win Prize per person and per household per day. Prizes will be awarded provided a sufficient number of eligible entries/game plays are received. Unclaimed Instant Win Prizes will not be awarded.

Prize Restrictions:

Marriott Rewards® Points are subject to terms and conditions, which can be found at www.marriottrewards.com. Any and all applicable federal, state, provincial, territorial and local taxes and all fees and expenses related to acceptance and use of prizes not specifically stated herein are the sole responsibility of each individual prize winner. Prize cannot be substituted, assigned or transferred. Sponsor will not replace any lost or stolen prizes. Grand Prize and First Prize winners who are legal residents of the 50 U.S. or DC will each be issued a 1099 tax form for the appropriate retail value of prize.


It seems Canadian residents won't get a 1099 (or CA equivalent), at least not according to the Official Rules.
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Offline JEWDA

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Re: Win 1,000,000 Marriott Points
« Reply #10 on: December 06, 2011, 12:03:26 PM »
Void in Quebec, outside the fifty (50) United States, the District of Columbia, and Canada, and where prohibited by law.
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Offline AsherO

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Re: Win 1,000,000 Marriott Points
« Reply #11 on: December 06, 2011, 12:07:25 PM »
Void in Quebec, outside the fifty (50) United States, the District of Columbia, and Canada, and where prohibited by law.

Canadian residents are definitely eligible, read the entire Official Rules. Maybe the section you quoted isn't grammatically correct, what it means to say is that the promo is void where prohibited by law, including in the eligible locales.
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Offline bubbles

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Win 1,000,000 Marriott Points
« Reply #12 on: December 06, 2011, 12:09:00 PM »
Void in Quebec, outside the fifty (50) United States, the District of Columbia, and Canada, and where prohibited by law.

If anything I would have to read that as outside of the us or outside of Canada is void

Offline JEWDA

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Re: Win 1,000,000 Marriott Points
« Reply #13 on: December 06, 2011, 12:10:34 PM »
Its a lil misleading when first read.
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Offline AsherO

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Re: Win 1,000,000 Marriott Points
« Reply #14 on: December 06, 2011, 12:10:38 PM »
If anything I would have to read that as outside of the us or outside of Canada is void

Ah, that's how I should've read it, thanks!
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