anadyr

Taxes (and not death, at least this time)

Discussion created by anadyr on Dec 30, 2011
Latest reply on Apr 26, 2012 by anadyr

IRS.jpgReading the fine print on the Marriott Rewards Facebook one million points sweepstakes I noticed that the winner of the grand prize (1,000,000 points) will be sent an IRS form 1099 in the amount of $12,500.00, (the actual retail value of those points).

 

Having won previous non-Marriott contests I can assure you that the 1099 also reaches the IRS, and is an audit trigger. 

 

That being said, the prize would be nice to win regardless of the tax consequences.

Outcomes