NFFC Payment Plans For 2008
Posted: Wed Dec 03, 2008 4:25 am
I know that folks are excited about the NFFC playoffs, but some folks have already secured some valuable prize money and I'm sure they want to see that as soon as possible. Well, here's the plans for payments:
** First of all, we have to wait until our Thursday scoring change deadline this week to finalize all winners. We have done everything internally to connect the W-9's on file with the winning owners and now it's a matter of watching for scoring changes or snafus and correcting them by Thursday. So don't celebrate just yet.
** We have almost 200 people to pay initially and our goal is to get all paperwork to our accounting office in Cincinnati by the first of next week. With the holiday's coming up, I'm not sure what day checks will get processed, but I'll post here when they go out. We obviously want to get these out by the holidays and have these dated in 2008 for tax purposes.
** Another set of payments will go out after the Championship Round and Consolation Round. Because of the holidays it will take a few extra days to get everything to Cincinnati (plus Elias scoring changes aren't final until Dec. 25th), but we should still be able to get payments out before the end of January. Again, I'll update this thread when I know the exact dates those are going out.
If for any reason you want to delay your payment to 2009, please contact me or Tom immediately and we'll pull out your form. To each his own.
Also, if you want to transfer any of your winnings to sign up early for 2009, we can now do that for the NFFC and NFBC. You'd just need to sign a form allowing us to do this and recognizing that we'll still file those winnings with the IRS. It's not a tax break, just a way for you to sign up for 2009 without having to pay again next year. This is the first year we're offering this, but we'll gladly pay you all in a check if you'd like.
Congrats to all of our winners and it's our goal to get you paid as soon as possible. It takes some time, though, so be patient with us and let's get these Week 13 stats finalized first. Thanks all.
** First of all, we have to wait until our Thursday scoring change deadline this week to finalize all winners. We have done everything internally to connect the W-9's on file with the winning owners and now it's a matter of watching for scoring changes or snafus and correcting them by Thursday. So don't celebrate just yet.
** We have almost 200 people to pay initially and our goal is to get all paperwork to our accounting office in Cincinnati by the first of next week. With the holiday's coming up, I'm not sure what day checks will get processed, but I'll post here when they go out. We obviously want to get these out by the holidays and have these dated in 2008 for tax purposes.
** Another set of payments will go out after the Championship Round and Consolation Round. Because of the holidays it will take a few extra days to get everything to Cincinnati (plus Elias scoring changes aren't final until Dec. 25th), but we should still be able to get payments out before the end of January. Again, I'll update this thread when I know the exact dates those are going out.
If for any reason you want to delay your payment to 2009, please contact me or Tom immediately and we'll pull out your form. To each his own.
Also, if you want to transfer any of your winnings to sign up early for 2009, we can now do that for the NFFC and NFBC. You'd just need to sign a form allowing us to do this and recognizing that we'll still file those winnings with the IRS. It's not a tax break, just a way for you to sign up for 2009 without having to pay again next year. This is the first year we're offering this, but we'll gladly pay you all in a check if you'd like.
Congrats to all of our winners and it's our goal to get you paid as soon as possible. It takes some time, though, so be patient with us and let's get these Week 13 stats finalized first. Thanks all.
You just need to sign a form allowing us to transfer that money and we'll do the rest. Again, the IRS will still hear about it, but this saves a lot of time and hassle.