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Michigan Bear Hunters Association and20 23 Over $24,000 in Prizes Ticket Price: $20.00/ea. Ticket Seller Prize: For every 10 tickets you sell, you will be entered to win $500 cash. To buy or sell
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Over 24000 in prizes refers to any winnings or rewards that exceed the value of $24,000.
Individuals or organizations who have received prizes totaling over $24,000 are required to file this information.
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The purpose of reporting over $24,000 in prizes is to ensure transparency and compliance with tax regulations.
The information that must be reported on over $24,000 in prizes includes the name and address of the prize provider, the value of each prize, and any taxes withheld.
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