Are there any tax consequences for being a winner?
Everett Transit will comply with the IRS reporting requirements for winners. According to IRS instructions, a Form 1099-MISC is required for any person receiving over $600 in prizes and awards. For those prizes where there is an issue of what the actual worth of the prize is, the IRS regulations defining the fair market value of a prize will determine whether or not a 1099-MISC is filed. Recipients of prizes qualifying for a 1099-MISC must agree to provide the information necessary for the 1099-MISC in order to receive their prize; they should expect to receive their forms in time to file their appropriate tax returns. For prizes worth less than $600, it is the recipient’s responsibility to comply with all relevant IRS income reporting guidelines.

Show All Answers

1. What is the purpose of the Everett in Motion Program?
2. How will this program work to reduce traffic congestion?
3. How is Everett in Motion funded?
4. If I participated in the program before can I participate again?
5. Why is program participation only applicable to trips that begin or end within Everett city limits?
6. What is a single occupancy vehicle?
7. What is the purpose of the calendar?
8. How will my personal information be used?
9. How do I receive my reward if I am a Monthly Drawing winner?
10. How will I know if I qualify for a Monthly Reward for each of the three months after I register? How and when would I receive my reward?
11. Are there any tax consequences for being a winner?
12. I drive alone in order to reach a transit center or park & ride, then take a commuter bus from there. Does that count as a bus trip?
13. I made eight trips in one day. Does that qualify me for rewards?
14. What if I am driving a hybrid vehicle?
15. Why are motorcycles not included as an alternative mode?
16. What if I use a scooter?
17. Are there other types of foot-powered commuting that are eligible under the “walking” category?