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Author Topic: 1099s  (Read 3561 times)

TWOHAND834

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1099s
« on: February 08, 2010, 12:01:53 AM »
Anyone received their 1099 yet?  Usually have mine by now.
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Steven Vance
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Jorge300

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Re: 1099s
« Reply #16 on: February 09, 2010, 10:32:34 AM »
quote:
Gotcha.  Not sure what the holdup is.  Give it a couple more days I guess.



Mine was postmarked 2/1. Two things to remember, 1) They are coming from Arlington this year, so if you lived close to the WI office, it will take longer to get there then in the past. 2) You probably want to double check what address was used for you on the entry form....if they have wrong address then it might take longer to get to you as well, or it might not get there at all.


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golfnutFL

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Re: 1099s
« Reply #17 on: February 09, 2010, 01:59:29 PM »
Except that my 1096's and W-3's aren't due to the IRS until 3/1/10 while the 1099's and W-2's must be postmarked by 2/1/10 for those recipients. You can do them all at the same time but TWOHAND834 should still have his 1099(MISC, I presume) by now.

quote:
The process to assemble the information to prepare 1099's is significantly different and more time consuming than preparing W-2s.  Either a payroll service company or payroll software program is used to prepare the payroll.  1099's are generated after all disbursements for the calendar year compiled.  In addition there are various types of 1099's that must be filed, not just for winnings.  The most efficient way to prepare the 1099's and associated filings with the IRS is prepare everything at one time.
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CPA

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Re: 1099s
« Reply #18 on: February 09, 2010, 02:25:22 PM »
Yes I agree he should have received the 1099 by now.  It is not appropriate to connect the preparation of W-2's and 1099's.  They are different preparation processes even though they have the same date for mailing to the recipient.
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bass

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Re: 1099s
« Reply #19 on: February 09, 2010, 02:50:34 PM »
Hmmmmm

I'm still waiting on one from the fortyframe game.
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golfnutFL

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Re: 1099s
« Reply #20 on: February 09, 2010, 03:17:53 PM »
I was only connecting them due to their same due date...I am also a CPA and know well what the different preparation processes are...Peace, we're on the same side!

quote:
Yes I agree he should have received the 1099 by now.  It is not appropriate to connect the preparation of W-2's and 1099's.  They are different preparation processes even though they have the same date for mailing to the recipient.
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TWOHAND834

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Re: 1099s
« Reply #21 on: February 09, 2010, 07:27:10 PM »
Hey, guys.  I called my sponsor who receives the prize fund checks and he told me that the 1099s should go directly to me and not the team captains.  Definitely putting in a phone call tomorrow because as of today, still have not received it.  Would have been nice to get my tax return before I go to Reno next week.  Not too happy about it.  Thanks for the responses everyone.
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Steven Vance
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TWOHAND834

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Re: 1099s
« Reply #22 on: February 11, 2010, 06:14:17 AM »
UPDATE:  So I call USBC this week, twice.  I had not gotten a return phone call or anything in response.  Yesterday, I get a call from my sponsor saying that the team captain had received my 1099.  So I picked it up last night and all is good.  

But it brings up another issue.  Last Summer, I called USBC and requested an address change to reflect my home address.  They said any monies and 1099 would be mailed to that address.  Neither one of them did.  They still ended up at the spot I did not want them to go.  Oh well.  Guess it was too much to ask.  I got my 1099 so I am happy.
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Steven Vance
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