Great Southern Bank Instant Win Swag Snag‏

natalie29

New member
I won a jacket and they are sending me a 1099 form to fill out for a jacket that's worth 49.95. I thought it had to cost over 500.00 before you had to fill that out. And all that's on it is your name address and ss number. Anyone else get this from them?
 
Yep, I just posted about it in another thread and myself and others have posted on their FB wall. I refuse to give my SS# for a prize of this value. I believe it's only required for over $600 (although I'm not 100 percent sure on that). Definitely more then $500 as I had a $500 win in Dec. and didn't get one for it.

BTW, myself and others have also replied to the email letting them know they can keep the prize if this is what they want from us.
 
My guess is they knew this would make the majority of the winners turn down the prize and therefore save themselves a bundle.
 
I think most people do not think that these sweepstakes & giveaways are real as we rarely hear who the winners are other than a random name. It would be nice if you could include a quote from the winners! More people might give it a try!!
My guess is they knew this would make the majority of the winners turn down the prize and therefore save themselves a bundle.
 
Actually, they are obligated by federal law to report miscellaneous income of $600 and up and send you a 1099. However, you, yourself, are legally supposed to include ANY income whatsoever in your miscellaneous income on your 1040 or whatever form you use.
 
I think most people do not think that these sweepstakes & giveaways are real as we rarely hear who the winners are other than a random name. It would be nice if you could include a quote from the winners! More people might give it a try!!

Not sure what kind of quote you are looking for as far as this situation. I was one of the winners of this game and none of us who won knew that we'd be asked to provide our SS# on a 1099 form for something valued at only $50. This was an instant win game that I think is now over anyway, but even if it's still running I don't think you'd want to give it a try. However, as far as whether or not these giveaways & sweepstakes are real, all those listed here are indeed very real and I've won many over the years.
 
Just received this email from them:

Thank you for playing the Great Southern Bank Instant Win Swag Snag Sweepstakes on Facebook! After extensive research, we have discovered that we do not need to collect information from you regarding a 1099 tax reporting form. I apologize for the misunderstanding. As a result, we will be securely destroying the copy of the form you provided to us and you will not receive a form related to your prize from the IRS. We apologize for any confusion this may have caused you. If you have any questions about this, please let me know.
Once again, thank you for playing the Great Southern Bank Instant Win Swag Snag Sweepstakes on Facebook and congratulations on being a winner! Your prize has been ordered and you will receive it within the next two weeks.
Thank you,
 
Just received this email from them:

Thank you for playing the Great Southern Bank Instant Win Swag Snag Sweepstakes on Facebook! After extensive research, we have discovered that we do not need to collect information from you regarding a 1099 tax reporting form. I apologize for the misunderstanding. As a result, we will be securely destroying the copy of the form you provided to us and you will not receive a form related to your prize from the IRS. We apologize for any confusion this may have caused you. If you have any questions about this, please let me know.
Once again, thank you for playing the Great Southern Bank Instant Win Swag Snag Sweepstakes on Facebook and congratulations on being a winner! Your prize has been ordered and you will receive it within the next two weeks.
Thank you,


I was happy when I got this the other day. Many of us sent emails and posted on their FB wall and I guess they realized they were mistaken about needing this for such a small win. Very happy to know that I will be getting my jacket as I really did like it.
 
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