10-99 - Liability and Time?

Kristen Tepper

Do you know how much time you spend sending out 10-99s and if you are, are you collecting SSN and other sensitive information upfront? 

Are you sending 10-99s to people who actually haven't received $600 from your store?

Derrick Woolfson

This is a great question, Kristen! As data privacy continues to be an issue, all the more reason to track what you are sending out. In addition to sending out 1099's that are due. I wonder, too, if dealers even realize that they need to send them out if a prize/giveaway is above the $600 mark? 

Mark Rask

thats a good point derrick

Kristen Tepper

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