NFFC Message Boards

Greg, I have another 1009 question. I won $5500 from the WCOFF that was paid in March 2011. However, I haven't gotten a 1099 because they are now out of business. My question is, does a company like the NFFC or WCOFF provide the IRS notification of my win when the check is cut, or when the 1099 is s...

Thanks for the tax info. I have heard many accountants agree with what you said, but I have heard others interpret it to mean that all this stuff is still gambling winnings. Regardless of that interpretation, I'll need to know whether to count these "earnings" for 2009 or 2010. I have not gotten a 1...

Thanks, Rob. I was just wondering if the NFFC notified the IRS of the win for 2009 tax purposes. If not, then I agree with you that it should go with the 2010 winnings.
Cheetah

In past years, when I won money for my regular season auction record and for my finish in the playoffs, they were counted in separate tax years. Is this still the case? I won a total of $1375 for best record and third place in the playoffs in the 2009 NFFC auction league. I received my check but the...

Count me in for the extra money, even if it is $50. In fact, please consider the auction format for the main event, and I'll do that as well.
Cheetah
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2007 NY Auction League - regular season points and best record winner. Playoff 2nd place.

I received a 1099-MISC for the $1300 I got for winning the NY Auction league regular season best record and most points ($650 each). However, I also finished second in the playoffs and received a check for $1450 for that, for which I did not get a 1099-MISC. Will I be getting a second 1099-MISC, or ...

It would be quite a fluke if the Packers didn't go to the Super Bowl.

Bengals 31, Panthers 20

Count me in for the basketball league.
Cheetah

Count me in as well, but what happened to the other guys who had signed up for this league previously? It seems like we keep adding new names to the list but the total stays at 10.

Mike Rinaldi