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:
Nov 22nd, 2017
Charity Payments Bug

We discovered a small bug in our software that has affected races using Braintree Marketplace for payment, who also have Charities setup to get paid directly, where the Charity is paying the processing fee. This affected: 19 races out of the 29,000 races held since this bug was introduced 460 Transactions out of the 5,376,000 … Continue reading "Charity Payments Bug"

Nov 16th, 2017
Participants and Spectators Celebrate with RaceJoy!

This past weekend, RaceJoy was offered at two premier road races, the Madison Marathon in Wisconsin and the Charlotte Marathon in North Carolina. The races provided RaceJoy’s live phone tracking, progress alerts and cheer messages to participants and their supporting friends and families. Another big weekend for RaceJoy, with 12,400 people using the app and … Continue reading "Participants and Spectators Celebrate with RaceJoy!"

What Our Customers Say:

“It’s a family atmosphere; the company is a positive company that wants to make positive things happen.”

- Terry Lewis, RS Racing Systems