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HorseTourneys.com Blog

Multiple $500 Travel Allowances Require 1099-MISC

Please be aware that players winning multiple $500 travel allowances in a given calendar year must be issued a 1099-MISC in accordance with Federal tax law.  For instance, if a player collects for two travel allowances totaling $1,000 in a given calendar year, the player will be issued a 1099-MISC in January of the following year.  Players have the option of exchanging additional $500 travel reimbursements for site credit if desired.  A W-9 must be filled out and returned to HorseTourneys before funds for multiple travel allowances will be issued.

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