Is there anything i need to do if i am giving away money as a promotion? IT is small somes of money even if somehow the person got the money at every giveaway they would get less than 300 in a year.. (this is not likely) I will be noting the winner is responsible for an taxes due to winnnings. any advice is appreciated.
You'll want to check your state's rules on sweepstakes. There is a good chance that your giveaway could fall under sweepstakes statutes, requiring you to comply with a number of regulations and (in some places) to buy a license.