What is a 1099 form?
The 1099-Misc form is used for miscellaneous income which could include prize winnings to the IRS. Players may also have a tax liability for 1099. These promotional prizes include but are not limited to things of value such winnings from free-roll tournaments, cash, trips, or hotel stays.
Players get these at the end of the year based on an aggregate not a single win like W2Gs.
NOTE: Non-US citizens and non-permanent residents must pay taxes immediately. Our platform cannot currently handle such transactions.