What are 1099s?
1099 forms are federal income tax information forms used to report earnings and proceeds other than wages, salaries and tips (which are reported on the federal W-2 form). The forms are filed with the US Internal Revenue Service (IRS) and, if required, state tax departments.
Will I receive a 1099 form?
If you earned less than 600 USD over the course of the year, you might not receive a 1099 form and one won’t be generated for you unless you meet a threshold in your state. If your state has a filing threshold lower than 600 USD, you might receive a 1099 form.
You can check your state’s requirements here: View 1099 state requirements.
When will I receive my 1099?
Your 1099 tax form will be sent to you by January 31, 2023 (note: paper forms delivered by postal delivery might take up to 10 additional business days).
- By January 31, 2023:
- Your 1099 tax form will be available to download through SportLynx.
- Your 1099 tax form will be mailed to you if you don’t receive an email from SportLynx or don’t consent to e-delivery. Please allow up to 10 business days for postal delivery.
- Your club or league will file your 1099 tax form with the IRS and relevant state tax authorities.
- April 15, 2023: IRS deadline to file taxes. You’ll need your 1099 tax form to file your taxes.
In January, we strongly suggest that you ensure all of your tax filing details and delivery preferences are up to date in SportLynx. Your name, address and Taxpayer Identification Number (Social Security Number /Employer Identification Number) are of primary importance.
Why is SportLynx requesting personal information like my Social Security Number?
Your Social Security Number is required to get your 1099 tax form properly filed with the IRS.
If you have earned enough to qualify for a 1099 tax form, the IRS requires your full details to be verified ahead of 1099 filing.
We understand you may have concerns about providing your full Social Security Number/Employer Identification Number, given the sensitivity of this identifier. We take your privacy seriously and have enabled technical solutions to ensure that your personal information is secure. See our articles on Security and Privacy at SportLynx.
How will I know when my 1099 tax form is available?
If you opted in to electronic delivery, SportLynx sends an email notification about the availability of your 1099 tax form to the email associated with your Stripe Express account.
How will I receive my 1099 tax form?
After you log in to your SportLynx account, you will be able to consent to electronic delivery of your 1099 tax forms. If you do not consent to electronic delivery, you will not be able to view or download your 1099 tax forms in the SportLynx "My Payment Information" page. If you opted in to electronic delivery, your 1099 tax form will be delivered electronically (be available for download from SportLynx) near the end of January.
If you would like to receive a paper copy of your 1099 form, simply abstain from consenting to electronic delivery.
How do I consent to electronic delivery?
- Log in to your SportLynx account.
- Go to your Account module.
- Click the "My Payment Information" menu item in the left menu.
- Click on the "1099" tab
- Click the "Consent to Electronic Delivery"
My information has changed since I signed up for SportLynx. How can I edit information?
To update your personal information, follow this article on how to "Change Your Personal Information".
To update your SSN on file with SportLynx (or provide if you never have, follow this article on how to "Set up Your Account to Receive Payments".
What do I do if the information on my 1099 tax form is incorrect?
If you need to correct the information on your tax form after it’s been delivered, you can reach out to SportLynx Support.