PRCA Business Journal - Dec. 13, 2019
Form 1099 Registration for 2019 Tax Year Performed by RodeoPay on behalf of Rodeo Committee
P R C A B U S I N E S S
Registration is NOW OPEN. Go to www.rodeopay.com and click on “1099 Form Registration”
Things to Remember: • Everyone must register. Even if you registered last year, you will need to register again. • Registration continues through December 16th. -If you miss the deadline, you will not be able to register. • There is a $7.50 fee per 1099 produced, $30 fee per 1042-S (International Contestants) produced. • Form 1099 will only be produced for contestants who won over $600. • Form 1042 (if applicable) will be processed in conjunction with the 1099. Frequently asked questions: Question: By opting-in, will RodeoPay prepare 1099’s for my PRCA & WPRA Winners? Answer: Yes. You only need to opt-in once with RodeoPay. By opting-in 1099’s for both PRCA & WPRA contestants will be prepared.
Question: Do I have to opt-in each year or is the opt-in continual? Answer: You do need to opt-in annually with RodeoPay. By opting-in it’s for the 2019 tax year only. (Jan 1, 2019 to Dec 31, 2019) Question: Do I need to file anything with the tax authorities Answer: No. Once you have opted in, you are done. RodeoPay will handle everything from there. Question: If I have more than one rodeo, do I need to register more than once? Answer: No, when you register for one rodeo, it will register you for all rodeos associated with the tax ID number. Question: How do the rodeo contestants receive their tax forms? Answer: A physical 1099/1042-S form will be mailed to each contestant. A digital copy of the form will be available through the contestants’ RodeoPay account. Email firstname.lastname@example.org with any questions.
ProRodeo Sports News 12/13/2019
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