Posts tagged as:

payment

Credit Card Reporting for Tax Purposes Debuts This Month

13 January 2012

Form W-2, check. Form 1099-Misc, check. Form 1098, check. Form 1099-K… wait, what? Yep, there’s a new form from the IRS out this year and one might be landing in your mailbox soon. The federal form 1099-K, Merchant Card and Third Party Network Payments, will debut early this year: forms 1099-K are due to merchants [...]

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New Credit Card Reporting Requirement Worries Some Taxpayers

25 October 2011

And you thought bank fees were bad… There’s a new form on the block, Form 1099-K, Merchant Card and Third Party Network Payments, making its debut in a few months, just in time for the 2012 filing season. The form is the result of new compliance reporting requirements for certain credit card and third party [...]

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Putting Your Tax Bill on Your Credit Card: A Surprisingly Common Problem

30 March 2011

Guest post by Thursday Bram Not so very long ago, one of my friends forgot to pay taxes. It was his first year working for himself and he just didn’t really think about the quarterly estimated taxes he might owe. So, when April rolled around, he got a horrible surprise: almost $20,000 in due taxes. [...]

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Ask the taxgirl: Missing Payment

1 June 2009

Taxpayer asks: I did a stupid thing. I mailed my tax return on time but just found the check behind my desk. What do I do? Should I just wait for the IRS to figure it out and send me a bill? Taxgirl says: There’s no need to wait – besides, the longer you wait, [...]

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