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View Full Version : Your 1099 - More or Less?


sascha_b
January 25th, 2008, 5:49pm
Being new and a bit obsessive, I love the things I learn here.
I was thinking about the threads regarding tax obligations, and low and behold my 1099 for a trip win showed up.

Surprise! Was for the exact ARV listed in the sweeps rules even though I know it cost them more because of last minute holiday airfare! Whoohooo!:cheer4:

So...

How about yours?

Jennifer
January 25th, 2008, 8:44pm
I haven't gotten any for this last year yet.... so far! Hopefully they come soon though!

CrazyCatLady
January 26th, 2008, 4:38am
On my trip win in 2006, ARV was $2800, 1099 was for $2800
But based on the hotel & airline receipts, they spent about $3200 for my trip.

So sometimes you come out on top. I was able to guestimate my trip thru expedia, so I knew I was close to ARV to begin with.

CheckedOut
January 26th, 2008, 5:47am
I should have 2 coming for sure, but maybe 3...

JH33194
January 26th, 2008, 6:06am
My son won a trip to Puerto Rico a few years ago from Nickelodeon. The ARV listed in the rules was $7,500. They gave $1000 cash with the prize, treated us royally, had a big Nickelodeon beach party for the winners with a nice meal and lots of games for the kids, it was for 7 days/6 nights and airfare alone was over $400 per person, for 4 people, airfare and cash alone was over $2600. My 1099 came the following year...for $2600!! I know a trip like that HAD to cost lots more. The hotel was nice and the whole trip was just great! The 1099 was definately like another win!!

Tonysopranogirl
January 26th, 2008, 6:35am
I am waiting for mine still!!! I need a couple and it is starting to make me nervous.............

rajcjj1
January 26th, 2008, 7:03am
I am waiting on two and we usually file really early. Do they usually come by the end of Feb? What is the latest I should wait for them? Thanks

ResourcePress
January 26th, 2008, 7:05am
Haven't gotten any of these yet.

sascha_b
January 26th, 2008, 8:52am
My son won a trip to Puerto Rico a few years ago from Nickelodeon. The ARV listed in the rules was $7,500. They gave $1000 cash with the prize, treated us royally, had a big Nickelodeon beach party for the winners with a nice meal and lots of games for the kids, it was for 7 days/6 nights and airfare alone was over $400 per person, for 4 people, airfare and cash alone was over $2600. My 1099 came the following year...for $2600!! I know a trip like that HAD to cost lots more. The hotel was nice and the whole trip was just great! The 1099 was definately like another win!!

That's amazing! :cheer3:

I am waiting on two and we usually file really early. Do they usually come by the end of Feb? What is the latest I should wait for them? Thanks

and

I am waiting for mine still!!! I need a couple and it is starting to make me nervous.............

They are required to send them out by Jan. 31st...guess it depends on the mail as far as when you actually get it. Still time....

Ladybigmac
January 26th, 2008, 9:12am
Won a Best Buy Sweeps for a trip to Phoenix last April for a NASCAR race. ARV was $5000, 1099 was $3142. Plane tickets were over $2200, hotel was $300, Spending money $250. Other assorted prizes like t-shirts, MP3 players, airport pickup and delivery, bus to the race track, catered dinner at the track, it all adds up and the 1099 was very fair. And the trip was WONDERFUL!

elittle2004
January 26th, 2008, 3:08pm
Last March, I won a $2500 trip. I still haven't recieved a 1099 tax form yet from the company I won the prize from. Of course, I didn't make enough to pay taxes this year, so I'm not going to complain about it.

RockysJewel
January 26th, 2008, 3:28pm
Cant answer yet as I haven't gotten all mine yet. They have until the 31 and seems they are waiting until then hehe. One nice thing is it can't be MORE then they ahve on the affy we sign....but YAY when it is less !

bigskwinner
January 26th, 2008, 3:31pm
I am soo glad we dont have to claim wins in Canada
but on the bright side, with the dollar being so very low in the u.s., dont they have to recalculate the value then?

RockysJewel
January 26th, 2008, 3:33pm
IF they don't come you just file as if you did have them and add their totals on your taxes. Legally they are to have them to us by Jan 31st.

I am waiting for mine still!!! I need a couple and it is starting to make me nervous.............

saphyress
January 26th, 2008, 8:07pm
IF they don't come you just file as if you did have them and add their totals on your taxes. Legally they are to have them to us by Jan 31st

It should be that they have to be postmarked by the 31st, not received.

I am nervously awaiting mine for a Grand Prize...no idea how my taxes will be affected with it, and got married too, so already different than I'm used to

inspiringmind
January 26th, 2008, 9:01pm
I am supposed to get 2.

My question is:

What if a place doesn't send you a 1099? The one place that I won from last year has my old address in Wyoming and when I tried to email them it bounced back. I still have a copy of the money order they gave me. I am going to eFile, but since I owe the IRS money anyways I seriously doubt that they are going to audit me, but if they did would a copy of the money be enough to prove I got that amount? (Really, how many people are going to lie and say that got $38,000? LOL)

angie2077
January 27th, 2008, 12:10am
:cheer3:I Have One Coming

Ashton7
January 27th, 2008, 12:15am
I am expecting two but neither have arrived yet.

MRatt
January 27th, 2008, 9:29pm
If you don't get one does anyone else really know you won something?

dvhnv
January 27th, 2008, 9:42pm
Waiting on my 2 for 2007 .... a spa weekend get-away (locally) and a trip to Kansas City for the Nascar race.

monkeybaker
January 27th, 2008, 9:48pm
I'm expecting 7, only received 1 from platex for 5,000.00

sissy76
January 27th, 2008, 9:49pm
still waiting for two!

birdpix
January 27th, 2008, 10:04pm
Waiting on half dozen or so here - none have arrived yet...

Didn't I see online something about 1099's may be late this year? Thought it had something to do with IRS granting companies extra time due to some tax laws that were being changed.

sascha_b
January 28th, 2008, 9:44am
Wow....congrats to the folks who are expecting multiples!:cool2:

If you don't get one does anyone else really know you won something?
I'm no accountant, but I think they can still report it to the IRS regardless of if you get a 1099....I recall reading that on the forums, but again; I'd check with an accountant.

laraedo
January 28th, 2008, 9:58am
I know it is silly but after winning a car in 2006, I was happy not to get 1099 in 2007.
That was like a win.

But I am willing to get one this year:laugh:

Oreo107
January 28th, 2008, 9:59am
I"m waiting for the 1099 from Kraft for the January 2007 LaCosta Spa weekend. Anyone get theirs yet? My husband won a cell phone from CBS/NFL and I won cash so we're expecting 3 1099s.

jolee62
January 28th, 2008, 10:03am
No 1099's for me! A big fat zero! Waaaaa
Hopefully 2008 will be a good year!

Tarah716
January 28th, 2008, 10:03am
I'm waiting on mine still, I am curious to see if the 1099 shows up before the actual prize. I'll be calling them if that happens...

NetworkSweeper
January 28th, 2008, 10:10am
If you don't get one does anyone else really know you won something?

Yes, they may report it anyway, besides, all winnings are taxable, even if the company doesn't report it. Lets not support tax cheats.

jennem
January 28th, 2008, 10:46am
I'd be happy if mine would just show up so I could file my taxes! I know it will be more, they already told me it will be $900 but the sponsor sells the item for $750, so that's what I'm claiming. Let 'em audit me if they want!

ninasmom
January 28th, 2008, 10:53am
I was wondering where mine were- I have my fingers crossed that the scholarship win of 4000$ will be in my DD's name on taxes- we never saw money- just was deposited into her 529 so I'd love it if it was taxed at her low rate.
:jump:

tamiwami
January 28th, 2008, 10:59am
I have only gotten one (expecting my second any time though) and it was for much LESS then what was stated. I was excited.

b5fan
January 28th, 2008, 11:08am
Still waiting on 2...but one was for cash, so it should be no surprise. The other was for a makeover, so I'm nervous...