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Sponsors1ST PLACE $9002ND PLACE $4503RD PLACE $150ENTRY FEE:$60 PER TEAMING BASS POT $10.00 PER TEAM 100% PAYBACKTournament prize money is based on 50 team entries. If more or less than 50 teams then
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Who needs 2nd place 450?

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Anyone who is required to fill out the 2nd place 450 form might include participants in a competition or event where first place has already been awarded.
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It could also be used in situations where multiple winners are recognized, and 2nd place is an honorable position.
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Whoever holds the authority to distribute prizes or awards may also need the information provided through the 2nd place 450 form.

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2nd place 450 is a form used by certain organizations to report income, expenses, and other financial information to the IRS.
Organizations exempt from income tax under section 501(a) must file 2nd place 450 if they have $200,000 or more of gross receipts or $500,000 or more of assets.
2nd place 450 can be filled out manually or electronically using the IRS's e-filing system. Organizations must provide detailed information about their finances, including income and expenses.
The purpose of 2nd place 450 is to provide the IRS with information about the financial activities of certain tax-exempt organizations. This helps ensure transparency and compliance with tax laws.
2nd place 450 requires organizations to report their revenue, expenses, assets, liabilities, and activities such as fundraising and grants. It also asks for information about governance and compliance practices.
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