Motorcycle Racing Forum

Racing Discussion => Racing Discussion => Topic started by: Scotty Ryan on January 31, 2006, 09:18:11 AM

Title: 1099's - taxes
Post by: Scotty Ryan on January 31, 2006, 09:18:11 AM
Has anyone gotten one from CCS yet, I talked to someone(I think Eric) down in Texas and they said I needed to call Clearchannel, I did - left a message and no return call. I figure it's because they don't really have any obligations to CCS/ASRA anymore...Supposedly they were supposed to mailed out by the end of the month(Today) - I know were all in the same boat, it's hard to start a season or build a bike without any money.....    JW
Title: Re: 1099's - taxes
Post by: Jeff on January 31, 2006, 09:42:40 AM
Scotty, did you get more than $600 in purse money in 2005?  If not, don't expect a 1099.

FWIW, I got mine from Honda yesterday (if anybody else was waiting on one)

If so ???
Title: Re: 1099's - taxes
Post by: Scotty Ryan on January 31, 2006, 09:47:59 AM
Thats the thing Jeff, out of everything I kept track of I forgot to keep tack of winnings.....So I'm not sure....I want to go and get my taxes taken care of ASAP but I don't want to shoot myself in the foot....
Title: Re: 1099's - taxes
Post by: Jeff on January 31, 2006, 10:51:07 AM
Scott, there are only a few actual purse paying classes (certs don't count here).  Go back through last year's results for them and figure out how much you 'made'.

I forget where the results are, but I think they're out there somewhere.  It'll probably take you an hour or two to go through them all, but it's easier than waiting for a phone that isn't going to ring...
Title: Re: 1099's - taxes
Post by: scottg22 on January 31, 2006, 11:06:15 AM
1099's must be post marked by Jan 31st.  So you only have to wait a week longer to file your taxes (in case one is mailed today)
Title: Re: 1099's - taxes
Post by: Scotty Ryan on January 31, 2006, 12:56:12 PM
I guess I spoke too soon...Just got a voicemail from ClearChannel.......OOPS ???
Title: Re: 1099's - taxes
Post by: barb_arah on January 31, 2006, 01:40:43 PM
I got word that the 1099s, at least mine, will go out today.
Title: Re: 1099's - taxes
Post by: DanO966 on January 31, 2006, 08:32:14 PM
got mine today