1099-K Tax Fee

We think the 1099-K Fee should be FREE!

Many processors are charging a $5.00 per month fee up to $100 annually for this. We think the 1099-K Fee should be FREE! What is a 1099-K? This year, credit card processing companies as well as third-party network payments such as PayPal, Amazon.com and Google are required to report to merchants and to the Internal Revenue Service the gross amount of the transactions they’ve processed. This is due to the federal Housing Assistance Tax Act of 2008 which included the enactment of Section 6050W [...]

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