2011 1099

joetreff · Post by **joetreff** » Fri Jan 27, 2012 9:13 am

Did anyone receive their 2011 1099 from the NFFC yet?

In the hands of Fanball I trust that they got swept away in the rush to leave the business?

Greg Ambrosius · Post by **Greg Ambrosius** » Fri Jan 27, 2012 11:00 am

Originally posted by felixflamingo:
Did anyone receive their 2011 1099 from the NFFC yet?

In the hands of Fanball I trust that they got swept away in the rush to leave the business? STATS sent out 1099's to all winners this week. Look for it soon.

joetreff · Post by **joetreff** » Fri Jan 27, 2012 1:15 pm

Greg, do you know anything about the 1099's for the 2010 NFFC? When are they going out?

Greg Ambrosius · Post by **Greg Ambrosius** » Fri Jan 27, 2012 1:35 pm

Originally posted by felixflamingo:
Greg, do you know anything about the 1099's for the 2010 NFFC? When are they going out? Legally they must be sent by January 31st. I'm sure that Liberty Sports Interactive is sending them out for all of their contests that paid prizes in 2011.

kentucky · Post by **kentucky** » Wed Feb 01, 2012 8:42 am

Greg, I received my 1099 for my winnings for the 2010 season, which i received early 2011. Will I be getting another 1099 for the regular season winnings for the 2011 season which was dated 12/28/2011?

Greg Ambrosius · Post by **Greg Ambrosius** » Wed Feb 01, 2012 10:42 am

Originally posted by Thunder:
Greg, I received my 1099 for my winnings for the 2010 season, which i received early 2011. Will I be getting another 1099 for the regular season winnings for the 2011 season which was dated 12/28/2011? Yes you should. I believe those were all sent this week. Look for it soon.

Cheetah · Post by **Cheetah** » Wed Feb 08, 2012 2:42 pm

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 sent? If it's when the check is sent, do you think it's safe to assume that I do not have to report this $5500 win?
Cheetah

Greg Ambrosius · Post by **Greg Ambrosius** » Wed Feb 08, 2012 3:15 pm

Originally posted by Cheetah:
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 sent? If it's when the check is sent, do you think it's safe to assume that I do not have to report this $5500 win?
Cheetah I can't even speculate on how the WCOFF would have reported your winnings to the IRS. From our standpoint, it's definitely not when you're paid. It's right about now at season's end when all total winnings have been calculated and with all winners together for all sports. So now that they are bankrupt, I highly doubt anyone is sending out these forms. I have no idea how the government handles something like this with bankrupt companies. It's a very, very interesting discussion, but your hunch may be correct. But honestly, I don't know for sure.

Interesting. Good luck to all who actually did receive winnings in 2011 from them and now have to worry about the taxes issue. I'd definitely put some away just in case.

Diesel · Post by **Diesel** » Sun Feb 12, 2012 4:30 am

I never received a tax form. Is that because I won less that $600?

Jersey Dawg · Post by **Jersey Dawg** » Sun Feb 12, 2012 11:42 am

Marc - Winnings under $600 do not require a 1099 being issued.