All of our 2023 contests right now are just listed as TBD entries, so you can't select a date and time for any of them yet. But many of you won prize money during the 2022 NFFC regular season, so you may have a motive to make purchases before January 1st, 2023.
Just a reminder that we track all of your prize winnings during the calendar year and subtract your entry fees during the calendar year to come up with a net total that we report to the IRS. The calendar year runs from January 1st, 2022 through December 31st, 2022. Any entry fee purchased during that time -- even if it's for a 2023 contest -- counts toward this calculation.
And all 2022 NFFC prize revenue has already been posted. Anything won during the Championship Round will be paid out in January of 2023 and thus will count toward 2023 winnings. You can track all of this on our Tax Summary page.
This was first labeled as your 1099 Tracker, but it's now in a new spot on your team pages since we've updated the Wallet in the last two years.
To find this again, click on your Account Icon in the upper right and pull down to:
Account Settings
Then in the blue navigational bar at the top click on Settings
Pull down to Tax Summary
There you will see the net winnings for you during the calendar 2022 season and what total we will tell the IRS you won this year. If that total is $600 or higher, we will give that figure to the IRS and it will be taxable. If it is under $600, we won't send anything to the IRS and you won't be taxed on the net winnings (or losings).
We update this total of entry fees through December 31st, so anything you purchase between now and December 31st (like some NFFC Post-Season teams or '23 TBD entries) will be added to the amount you spend with SportsHub Games Network during the 2022 calendar year.
Thanks all and best of luck to everyone fighting for titles over the next two weeks. We have some great league and overall races and this should be a fun fight to the finish line. Enjoy and good luck.
And if you've been successful so far, check out the Registration page for '23 entries. You can sign up and pay for any future contest and it could benefit you to do that. Thanks all.