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Life Business and Money - There’s That 1099K Form Again!

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Steven Kay

Steven Kay

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If you are like many business owners these days, you find it necessary to process credit cards in order to get paid for your goods and services, but the IRS came out with a new form called the 1099K that was distributed in January 2011 detailing how much money went through various merchant credit card processors.  Fortunately, 2011 was a trial run, however 2012 doesn’t prove to be the case so you need to actually pay attention to these and make sure that they are correct.
 

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