"1099 Tracker" Now Live

[Darik B]

How to get there: From NFFC, NFBC, or NFBKC site (NOT message boards like here), click on the icon in upper right, go to Account Settings and then pull down the 1099 Tracker option.

What you see there in an up-to-date APPROXIMATE look at what your current 1099 will look like from Sportshub. However, I say approximate for these reasons:
1) This only encapsulates what we call high stakes games: NFFC, NFBC, NFBKC, and CDM...so entries and prizes from those contests are included.
*NOT included: MFL10s, Leaguesafe, and Fanball....so if you did not play any of those, this 1099 Tracker needs zero manual adjustment. If you did play any of these other games, you can see purchases/prizes under the View My Transacations (also under icon) and see any thing you played there as well. Your final 1099 will include ALL of this, but we couldn't get it all to funnel into this Tracker right now...any questions, please ask.

2.) This 1099 Tracker will update once a day at about 11 am ET (10 am CT). So if you enter a contest after that time, you will see it reflected next day once it refreshes.

***Remember, all entries purchased on or before 12/31/18 will REDUCE 2018 liability. NFFC Football prizes will ALL be put on account by 12/28/18 (yes, really), so you'll have at least 4 days at year-end to tinker with all this.

***If you are paying for 2019 entries via CHECK (not from your wallet/account), please keep in mind, we need to receive these check payments by 12/31/18 for them to "count" for 2018 1099 status...and we need full payment for a contest so we can post it to your account. Example: If you sign up for an Ultimate ($5,000) and a Super ($2,500) via check, so $7,500 total, we need $7,500 payment for these to count against 2018 liability. If you send only $3,000, only the Super amount of $2,500 would hit your 1099 Tracker and final 1099.

Many of you have signed up (or been signed up by Greg/Tom) for 2019 entries via check already. If you want these to count for 2018, they have to be paid for.

Please, please, please make sure you understand this very important point. We want to be out in front of this and avoid any confusion for you guys.

Again, if you have any questions, feel free to give me a shout at 651-895-0583.

Thanks all, and good luck!

D

[Greg Ambrosius]

I hope everyone has checked out the 1099 Tracker so far. If not, please do NOW and ask us if you have any questions.

Basically, this 1099 Tracker on your team page shows you exactly how much you've spent in our NFC high-stakes events and how much you've won. It's easy to see how much we'll be reporting to the government on your 1099. Again, this includes ALL money won in the calendar year and ALL money spent in the calendar year.

That calendar year continues through Dec. 31st, so in some cases it might make sense for NFBC owners to sign up and pay for their 2019 entries in 2018. We also have NFFC winners who will receive money on their accounts by Dec. 28th, affecting their money won in 2018. They also will have the chance to see how that affects their 1099 total and whether it makes sense to purchase teams before the end of this year as well.

We do have an NFFC Post-Season Contest with a $125,000 grand prize that we'll introduce to our baseball group soon, too. Plus 2019 NFFC Registration is already open for anyone who wants to purchase 2019 teams by Dec. 31st. All contests have TBD designations so that you don't have to pick the date and time that you want to draft those entries.

Again, please take the time to understand how this 1099 Tracker works. It could save you money this year, and it might make sense to sign up and pay early this year. If there is no benefit for you doing that in 2018, then definitely sign up and pay in 2019. Our reporting to the IRS covers the full calendar year for all sports.

Hope this helps. Contact Darik, me or Tom with any questions and we'll help where we can. Thanks all and Happy Holidays.