Credit Card Reporting For Tax Purposes Debuts This Month
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…