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View Full Version : Anyone ever NOT receive a 1099?


DWils29
January 31st, 2006, 3:16pm
Has anyone ever won a large prize (over $600) and NOT received a 1099. I know this is wishful thinking but I won 2 large prizes last year and have not yet received 1099. I know they have until today to mail them but I was hoping they would forget!!

tofu
January 31st, 2006, 3:24pm
Mine haven't shown up yet, but companies often wait and send them out at the last possible minute (i.e. today when the post office closes), or sometimes even later! Give it another week...

tricia
January 31st, 2006, 3:26pm
They can send out 1099's till the end of Feb.

arouet
January 31st, 2006, 3:29pm
http://www.irs.gov/pub/irs-pdf/i1099.pdf
Tricia is right, according to the IRS, they have until 2/28 to get them out. Even then, if you don't receive one, you have to wonder if maybe they sent a copy to the IRS, but your copy was lost in the mail. At least that's how my mind works.

And yes I didn't receive one on my widescreen TV. I still paid the taxes on it though.

tigger68008
January 31st, 2006, 3:32pm
I was wondering the same thing. I am due for a couple of them too. Anyone had experience with this problem before? Did you hound the company until they send you one, Or call the IRS to see if they have a record of the 1099 you didn't receive? (DONT get mad sweepers, I am not trying to scam the IRS, just figure out why some people get 1099's and others don't) Does it depend on how the company writes off prizes as to if/when you get one? Say for instance a beer company promotes sirius radio on thier site, the prizes are from sirius. Does sirius write off the product under advertising expenses?Anyone know?

frogifer
January 31st, 2006, 3:32pm
I haven't received any of mine yet.

KnowItAll
January 31st, 2006, 3:34pm
Tricia, you're half right. 10-99 must be sent to the IRS by Feb 28, however, they must be sent (AKA postmarked) to a recipient by January 31

marblesgirl
January 31st, 2006, 3:38pm
me - never sent me a 1099 for my prize....value was 3600.00..........yay baby... :jump:

gcomstock
January 31st, 2006, 3:38pm
I have not received 1099's from several large prizes over the years. While wage payers are required to send copies to payees (eg. prize winners), those prize winners' tax obligation exists regardless of whether they got the notice. In my case I chased around with two sponsors (I'd completed notarized affies, provided SS#s etc) but they simply weren't able to chase the stuff down, and never sent the info to the IRS or me.

ptlptl
January 31st, 2006, 3:47pm
So on the prizes I receive that are worth less that $600, I don't have to claim on my taxes?

Linseyb42
January 31st, 2006, 3:47pm
I only qualified for a 1099 once a couple of years back when I won a digital camera and printer from a Dial sweepstakes. It was well worth over $600 and they told me in the win notification that they would be sending me one. Well, needless to say I never got one! I kind of panicked about it, but after doing my taxes, estimated the win amount based on several store prices at the time of the win. I was fortunate that I didn't even have a tax liability for the year, as I was a full-time student with little income. I didn't have to pay anything for it in the end.

wackydackydoo
January 31st, 2006, 3:47pm
If you don't receive a 1099, the IRS didn't get one either.

Linseyb42
January 31st, 2006, 3:50pm
If you don't receive a 1099, the IRS didn't get one either.


Unless it got lost in the mail... I'd hate to find out that the tax man knew about a prize I didn't report....

Tarah716
January 31st, 2006, 3:51pm
Has anyone ever won a large prize (over $600) and NOT received a 1099. I know this is wishful thinking but I won 2 large prizes last year and have not yet received 1099. I know they have until today to mail them but I was hoping they would forget!!


I haven't recieved mine yet and I was talking to a friend of mine who's an accountant - she said that even if you don't recieve it - it's still your responsiblity to call and ask for it. Otherwise you could get in some serious trouble.

pambanter
January 31st, 2006, 4:01pm
Yep, never recieved the one on my car win, so I just put down what I sold it for and reported it without.

Nickcoty
January 31st, 2006, 4:04pm
I still haven't received one for a trip I won in Dec 2004 which I went on in Jan 2005......3000.00 arv. I'm hoping they forget & so will I.

wackydackydoo
January 31st, 2006, 4:07pm
Also, keep in mind when you sign your tax return it's correct "to the best of your knowledge" for the information being submitted. If you overlooked something because you didn't receive a 1099 and didn't remember it, then they would just work with you to correct it. Not everyone is going to remember each prize win during the year if they won a lot nor is the IRS going to penalize every single thing forgotten on a tax form.

I had a tax form returned twice in the past for a tax correction--no penalties.

suelee000
January 31st, 2006, 4:08pm
Two years ago, I got a 1099 for the laptop that the company hadn't even sent. The company cancelled it and I should have gotten one last year. I didn't. I also never got the 1099 for the trip to Jamaica.

I just did my taxes and estimated the "Fair Market Value" of the laptop and the trip. The IRS has several years to audit you. I'm keeping the paperwork forever.

Just because I never got the 1099 doesn't mean that they IRS did not receive their copy. Taxes and penalties after a couple of years can really add up.

suelee000
January 31st, 2006, 4:10pm
So on the prizes I receive that are worth less that $600, I don't have to claim on my taxes?

You have to claim the "Fair Market Value" of every item that you win. Granted the IRS doesn't know that you have won this item, but if you announce it in the Winner's Circle, your win becomes public knowledge. If you get audited, it's kind of difficult to try and say that you forgot when you have left an electronic paper trail.

tigger68008
January 31st, 2006, 4:39pm
http://www.irs.gov/newsroom/article/0,,id=106530,00.html

What to Do if You Haven’t Received a Form 1099

Tax Tip 2005-24, Feb. 3, 2005

If you received certain types of income, you may receive a Form 1099 for use with your federal tax return. You should receive these forms from the payer by January 31, 2005, according to the IRS. If you have not received an expected 1099 by a few days after that, contact the payer. If you still do not get the form by February 15, call the IRS for help at 1-800-829-1040.

In some cases, you may obtain the information that would be on the 1099 from other sources. For example, your bank may put a summary of the interest paid during the year on the December or January statement for your savings or checking account, or, it may make the interest figure available through its customer service line or web site. Some payers include cumulative figures for the year with their quarterly dividend statements. If you are able to get the accurate information needed to complete your tax return, you do not have to wait for the 1099 to arrive.

If you file your return and later receive a Form 1099 for income that you did not fully include on that return, you should report the income and take credit for any income tax withheld by filing Form 1040X, “Amended U.S. Individual Income Tax Return”.

coljim
January 31st, 2006, 4:52pm
Last year I didn't receive one for one big win, but I reported it anyway. Not that I'm an especially goody goody kind of person, but I wouldn't want to get audited for stupidity.
This year I'm waiting for one or two. I'm not sure. One is a definite for a GC from ePrize and that I have a definite value on. The other is for the Rose Bowl win from ESPN radio. That trip was taken January 1 through January 5, but they paid for a lot of it last year. I am waiting to hear from them whether or not the 1099 will be for 2005 0r 2006.

wackydackydoo
January 31st, 2006, 5:09pm
Two years ago, I got a 1099 for the laptop that the company hadn't even sent. The company cancelled it and I should have gotten one last year. I didn't. I also never got the 1099 for the trip to Jamaica.

I just did my taxes and estimated the "Fair Market Value" of the laptop and the trip. The IRS has several years to audit you. I'm keeping the paperwork forever.

Just because I never got the 1099 doesn't mean that they IRS did not receive their copy. Taxes and penalties after a couple of years can really add up.


Are you saying that you actually paid taxes on a prize you didn't receive (the laptop)!!?? :confused:

suelee000
January 31st, 2006, 8:50pm
Are you saying that you actually paid taxes on a prize you didn't receive (the laptop)!!?? :confused:

I received the 1099 in Jan 2004, the laptop arrived in March 2004. So I paid taxes on it last year.

suelee000
January 31st, 2006, 8:51pm
Last year I didn't receive one for one big win, but I reported it anyway. Not that I'm an especially goody goody kind of person, but I wouldn't want to get audited for stupidity.
This year I'm waiting for one or two. I'm not sure. One is a definite for a GC from ePrize and that I have a definite value on. The other is for the Rose Bowl win from ESPN radio. That trip was taken January 1 through January 5, but they paid for a lot of it last year. I am waiting to hear from them whether or not the 1099 will be for 2005 0r 2006.

You got the prize in 2006, so it goes on next year's tax return. It doesn't matter when they paid, you RECEIVED it this year.

wackydackydoo
January 31st, 2006, 9:18pm
I received the 1099 in Jan 2004, the laptop arrived in March 2004. So I paid taxes on it last year.

Oh, okay!! It sounded like you never received it but paid taxes on it anyway!! :gvibes:

lititz
January 31st, 2006, 9:34pm
I won a $2500 GC and didn't get a 1099. I called the sponsor and they got right on it. I said jokingly that I should have kept quiet. She said "Oh No - you'd be paying for this eventually" as if to say it was just an error and would have been reported. I'm sure it will come back to haunt you, 1099 or not, you must report it.

motherogod
January 31st, 2006, 9:47pm
When I won from Geffen the year before last, I got no 1099 so I called my rep. She said they don't do that, the trip was a gift. How cool! Today I did get my 1099 from the Smirnoff Ice Nascar trip I won this past year. Best of both worlds, I suppose. Either way I'm grateful.

lifesfun
January 31st, 2006, 9:52pm
Has anyone ever won a large prize (over $600) and NOT received a 1099. I know this is wishful thinking but I won 2 large prizes last year and have not yet received 1099. I know they have until today to mail them but I was hoping they would forget!!

I was wondering the same. I have one for $1700 outstanding. I wonder if I could file without it but claim it anyway. I want to get my refund quick. I already have it spent. :laugh:

KRSchulze
January 31st, 2006, 9:56pm
How cool it would be to win something that would require a 1099!!!!

magoo
January 31st, 2006, 9:57pm
You got the prize in 2006, so it goes on next year's tax return. It doesn't matter when they paid, you RECEIVED it this year.

Ha, the only 2005 1099 I've gotten is the one for my upcoming ProBowl trip :laugh: AND they listed the full ARV of $4,000. That's fine, if they want to do it that way...."Meet my little friend...Mr. Calculator, coming all the way to Hawaii with me on my ProBowl trip". Then we'll talk when I get back ;). I may take this all to a tax professional and dump it on him...it's gotten far too complex for my little brain to handle. Math is not my forte.

tiffnat
January 31st, 2006, 10:03pm
since I didn't win a prize over $300 this year I guess I don't have to worry about it.

Snerd2123
January 31st, 2006, 10:29pm
I won a trip many years ago and did receive one right away, however, a couple years ago I won a very expensive camera outfit from Kodak and never received a 1099--It was a scientific camera and I did not keep it so called IRS and they said I should claim the appx value/or resale value or the amount I sold it for and that is what I did, but I always worried if this was correct thing to do...now I recd affi that I won an 1199.00 samsung home theater system so next year I will assume this is amount I must file, however, they say you only need to file the erv (estimated retail value) and if you can prove the value on the 1099 is overstated I am being told I do not have to file the full amount--The other thing that confuses me is that at casinos here in AZ you only receive 1099 on 1200.00 or higher, they are not required to issue one, even if winnings is 1199.99--IRS still says you need to file on all winnings-- but the casinos are not required to advise irs on less than 1200.00 value, so I wonder why a prize winning under 1200.00 would require a 1099...maybe it depends on what state it came from? The Irs has no idea when you win money at casinos here because you are not id'd unless jackpot exceeds 1200.00--I actually won 1207.50 once and asked if they could just keep 8 bucks and not issue 1099--no, of course--but did not hurt to ask--I always wonder why IRS is entitled to taxes on a prize won, since it was not technically an item given in exchange for labor--though this keying is alot of work! It saddens me that some folks who cant afford taxes on a prize must decline a prize--that just doesnt seem right?

damick
January 31st, 2006, 10:40pm
When I first started sweeping I won the E! Fashion Police gift bag. The total ARV the sponsor had was $500.00. I figured out the retail value and the entire bag was worth $6899.00. I never got a 1099.

That being said, I did get a 1099 for a trip valued over $3000.00 and the 1099 came in for $800.00.

suelee000
January 31st, 2006, 11:32pm
...The other thing that confuses me is that at casinos here in AZ you only receive 1099 on 1200.00 or higher, they are not required to issue one, even if winnings is 1199.99--IRS still says you need to file on all winnings-- but the casinos are not required to advise irs on less than 1200.00 value, so I wonder why a prize winning under 1200.00 would require a 1099...maybe it depends on what state it came from? The Irs has no idea when you win money at casinos here because you are not id'd unless jackpot exceeds 1200.00--I actually won 1207.50 once and asked if they could just keep 8 bucks and not issue 1099--no, of course--but did not hurt to ask--I always wonder why IRS is entitled to taxes on a prize won, since it was not technically an item given in exchange for labor--though this keying is alot of work! It saddens me that some folks who cant afford taxes on a prize must decline a prize--that just doesnt seem right?

Income taxes are based on income, whether or not it's earned income, gifts, gambling winnings, interest income, capital gains, alimony, etc. They have never been based on "an item given in exchange for labor".

Our income tax system is in many ways based on the honor system. Just because the IRS doesn't know that you won that $599 prize or $1199 won at a casino, doesn't mean that you aren't required to report it.

I would love for prizes to be tax free. But TANSAFFL. There ain't no such things as a free lunch. If prizes are tax free, the government either has to cut a program or raise taxes in other areas. Be careful what you wish for.

Bamboozler
February 1st, 2006, 11:19am
It seems that every year I have 1099's that don't show up and this year is no exception. I'm still waiting on three 1099's but if I don't receive them I will certainly call the sponsors or list fair market value. I could never omit the amounts from my taxes with a clear conscience.

sheb1
February 1st, 2006, 11:59am
I have read the various posts here and wanted to add....yes, companies are supposed to send you statements for items you won if they are valued at $600 or more by Jan.31 HOWEVER, often you will not actually get them until sometime in Feb. And yes, you have the right to prove otherwise that the value they may have put on is INFLATED (such as in many trips) or, was just AN ESTIMATE. Just like that other sweeper stated, as he or she, found various sites on the web where an item was available for less. Just make sure you keep the documentation (print-outs, sale ads, etc.) in case you are audited.

Scibba
February 1st, 2006, 12:06pm
I haven't yet received a 1099 for a digital camera I won. I want do get my taxes done PRONTO - and am only waiting for that.

The prize ARV was $700, but I can find the camera online for around $450 - can I use the $450 as the amount I claim on my taxes?

Susan
February 1st, 2006, 12:13pm
I already received one of my 1099's - they wasted no time sending that - but, guess what - they haven't sent my prize!!!!!! :laugh:

jankelley
February 1st, 2006, 12:21pm
There is a free lunch in Canada-- they don't pay taxes on prize wins...........

The Seahorse Lady
February 1st, 2006, 12:35pm
I haven't received mine yet and was supposed to have it by yesterday.

suelee000
February 1st, 2006, 6:48pm
I already received one of my 1099's - they wasted no time sending that - but, guess what - they haven't sent my prize!!!!!! :laugh:

Call their accounting office. That happened to me two years ago. After waiting forever for the rep to send me the prize, one call to accounting about a bad 1099 and I got the prize within a month (after waiting 8 months). If accounting doesn't give you any satisfaction, call the IRS and report them.

PS If you haven't received the prize, it does not go on this year's taxes.