1099 Tracker Is Live; 2024 NFFC Registration Is Also Live

[Greg Ambrosius]

Just a reminder to everyone who received their NFFC regular season prize money on Friday that you can now see what your tax liability is on our Tax Summary page. All winnings for the calendar year of 2023 from the NFFC and NFBC have been awarded, so that total isn't likely to change (unless you are playing on Fanball or the weekly $50/50 Contest).

To find this information, click on the icon in the upper right corner.

* Then pull down to View My Transactions
* Then click on Settings in the blue navigational bar
* Then pull down to Tax Situation

There you can find your net winnings for 2023 and every other previous year in the NFC. It also tells you if you have a W9 on file or not.

Remember that we calculate your net winnings for 2023 by adding all of your prize money from all of our NFC/Fanball contests during the calendar year (Jan. 1-Dec. 31, 2023) and subtracting entry fees spent during the calendar year. That difference is your net earnings and will be reported to the IRS, if it's more than $600, that is. Any net earnings under $600 does not have to be reported to the IRS.

So if you had $10,000 in winnings and $5,000 in entry fees, we will report a net earnings of $5,000 to the IRS. That total will be taxable. Entry fees for 2024 NFBC or 2024 NFFC contests that are paid for by December 31st of this year WILL be included as 2023 entry fees paid, so keep that in mind if you had a good year in 2023 and plan on returning to any of our contests in 2024.

NFBC 2024 contests and ALL 2024 NFFC CONTESTS are already on Registration. The 2024 NFFC Post-Season Contest is also available on Registration now, so sign up and pay for any of those contests by December 31st and they will be included as 2023 paid entry fees.

Hope all of this helps. Thanks all and good luck in all of your leagues heading into the new year.