Author Topic: 1098's for last year (Read 2024 times)

applegam · « **on:** January 31, 2007, 04:24:14 AM »

Any one seen them yet?

Scooby48 · « **Reply #1 on:** February 01, 2007, 08:40:06 AM »

1099 and they must be mailed by Jan. 31. So they should be in the mail.

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<pre id=code><font face=courier size=2 id=code> [/code]YOU CAN'T STOP MOTHER NATURE - BOWL UP A STORM

Edited on 2/1/2007 9:40 AM

ScottieG · « **Reply #2 on:** February 01, 2007, 08:58:53 AM »

I got my 1099 yesterday in the mail applegam.
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Are you CRAZY?

?

TWOHAND834 · « **Reply #3 on:** February 01, 2007, 08:23:02 PM »

Yeah. This sucks. In previous years I thought I got my 1099s around mid January before my W2s. NOW....I get my W2 near the beginning of the month and my 1099 has yet to arrive. Before anybody jumps my arse, I know they have until the 31st. But, what is the hold up this year compared to years past?
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Steven Vance
Former Pro Shop Operator

If anyone out there is worried about the scores being too high, try duckpin!!

KDawg77 · « **Reply #4 on:** February 01, 2007, 08:28:11 PM »

Someone here earned enough to actually report? LOL j/k
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No, my name is not Prince and I'm not particularly funky.
http://www.myspace.com/lefthandedhammerpride

http://members.bowl.com/FindAMember/memberView.aspx?mp=418&ms=2006&s=2006-2007

My dumbass 2004 Masters finish (tied for 292 with Gene Vincent):

http://www.pba.com/results/rrscores.asp?Year=&TournamentID=148&RoundID=2

ScottieG · « **Reply #5 on:** February 02, 2007, 05:49:05 AM »

K-Dawg between finishing in the top 100 in doubles, cashing in team, and bracket money I have $1898.57 to claim....which stinks because most of it came from brackets!!!
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Are you CRAZY?

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dballz · « **Reply #6 on:** February 02, 2007, 09:02:01 AM »

i have a question. i thought they only sent those to you if you made $600 or more in one event or in brackets? i received mine yesterday and the total that they had for me was the amounts from all the events and brackets combined. did they change how they are taxing amounts or what?

TWOHAND834 · « **Reply #7 on:** February 02, 2007, 01:39:36 PM »

No. They take the total amount from all the events as well as the brackets and combine all the earnings on one 1099. As we post every year, getting a 1099 from the brackets is retarded. REASON: You put up 1000 dollars in the brackets. You get back 600. That means not only did you lose 400, but you also get taxed. I could ask our government all day why this is. My luck, the answer I would get back is, "Because we can."
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Steven Vance
Former Pro Shop Operator

If anyone out there is worried about the scores being too high, try duckpin!!

VBP-Dustin · « **Reply #8 on:** February 02, 2007, 01:47:07 PM »

i have to claim 1290.00 also REMINDER KEEP YOUR BRACKET COPYS SO YOU CAN WRITE IT OFF

SplitKing · « **Reply #9 on:** February 02, 2007, 01:48:52 PM »

Quote

No. They take the total amount from all the events as well as the brackets and combine all the earnings on one 1099. As we post every year, getting a 1099 from the brackets is retarded. REASON: You put up 1000 dollars in the brackets. You get back 600. That means not only did you lose 400, but you also get taxed. I could ask our government all day why this is. My luck, the answer I would get back is, "Because we can."

If you itemize you expense on your tax return you should be able to include expenses incurred for the tournament. (Travel, hotel, food, entry fees (including bracket entry fees) and maybe even more expenses) Just make sure you have all receipts. I am by no means a CPA so I would consult with a CPA but I am pretty damn sure you can do this.

Bigmike · « **Reply #10 on:** February 02, 2007, 01:50:00 PM »

Thats why you keep the receipt they give you when you enter the brackets/pots. Usually you can try to offset some of the tax with a deduction. Normally you can offset quite a bit like airfare, hotel, food, equipment bought at the tournament. You just need those magic receipts.

Author Topic: 1098's for last year (Read 2024 times)

applegam

1098's for last year

Scooby48

Re: 1098's for last year

ScottieG

Re: 1098's for last year

TWOHAND834

Re: 1098's for last year

KDawg77

Re: 1098's for last year

ScottieG

Re: 1098's for last year

dballz

Re: 1098's for last year

TWOHAND834

Re: 1098's for last year

VBP-Dustin

Re: 1098's for last year

SplitKing

Re: 1098's for last year

Bigmike

Re: 1098's for last year