RunSignUp

Why did I receive a 1099-K form?

Races will be sent the 1099-K form by 1/31, in the prior calendar year, when the following criteria are met:

1)  Gross payments that exceed $20,000
AND
2)  More than 200 transactions

For more information, see links below:
IRS 1099-K FAQs
Understanding Your Form 1099-K

As a Payment Facilitator, RunSignUp, under the IRC Section 6050W, is required to send 1099-K forms to all entities that meet the above criteria. According to the IRS, this provision is designed to improve voluntary tax compliance by business taxpayers and assist the IRS in determining the tax returns are correct and accurate.

For assistance in filing your 1099-K, please consult a Tax Advisor.

If you believe the information on your 1099-K form is incorrect, please email finance@runsignup.com for assistance.

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From Our Blog:
Sep 21st, 2017
The Risks of Declining Registrations

There was a recent article on Bloomberg News suggesting that the next financial crisis could start in Silicon Valley and “Fintech”. Fintech is a broad term, but touches all races who use online registration with the movement of over $1 Billion per year thru the 100 or so race registration systems. Here are some of … Continue reading "The Risks of Declining Registrations"

Sep 21st, 2017
Child Privacy

To protect the data the races who use as as their online registration platform, we have made some updates to your race, event and club websites to better protect the online privacy of children, particularly those under the age of 13. Our updates are designed with the Children’s Online Privacy Protection Rule (“COPPA”) in mind and … Continue reading "Child Privacy"

What Our Customers Say:

“Another feature that we like about the fee structure is our ability to either eat the fee or split it with the racer – especially for some of our longer distance races. $70 is $70.”

- Michelle and James Bettis, 3W Races