General FAQ

What is a 1099-K?

A 1099-K is a tax form that reports the total gross revenue you received through UltraSignup.

• Gross Revenue: The total revenue includes all payments processed through UltraSignup, including race fees, add-ons, and other transactions. It does not account for expenses such as race costs or UltraSignup fees.

What is the Minimum Threshold in 2024?

A 1099-K will be issued to you if your revenue exceeds $5,000 for the year.

What If I Missed The Deadline to Submit My Preferred Email?

We will send the tax portal login information to the contact who is linked to the business entity in our system, and the email address associated with their account.

When Will 2024 1099-Ks Be Issued?

You should receive your 2024 tax documents on or just after Feb. 1 2025.

Will I Get A Physical & Digital Copy?

We will only be issuing digital copies for 2024.

How Will I Receive My 1099-K?

You will receive an email from Tax1099 on or after Feb 1 2025. Please be on the lookout for this email. Be sure you do not mark as it spam.

What is My Password?

Partner Tax Portal - Password Support

How Do I Access My 1099-K?

Access Your Documents

Marketplace Facilitator vs. My Responsibilities

If UltraSignup is responsible for collecting and remitting sales tax in your state, here’s what you should know:

• Tax Collection and Remittance: UltraSignup collects and remits sales tax for qualifying transactions in states with marketplace facilitator laws, sales tax has already been remitted on your behalf. ****(If taxes are shown on your statement, and being withheld by UltraSignup).
• 1099-K Filing: UltraSignup provides a 1099-K to the RD for their total revenue, as required by the IRS.
• Your Responsibility: Confirm whether your state requires additional reporting or documentation. UltraSignup’s tax filing covers the collection and remittance, but you are still responsible for reporting income from these transactions.
• • Check Spam Folders: Emails from tax1099.com may occasionally be filtered into spam/junk folders. Be sure to check after February 1 if you don’t see the email in your inbox.
  • Confirm Your 2024 Revenue Exceeds Minimum Threshold

Can’t Find My Email from Tax1099.com

• Check Spam Folders: Emails from tax1099.com may occasionally be filtered into spam/junk folders. Be sure to check after February 1 if you don’t see the email in your inbox.
• Confirm Your 2024 Revenue Exceeds Minimum Threshold 
  (revenue exceeds $5,000 for the year)