As if keeping track of business expenses for IRS purposes wasn’t difficult enough, USB Payment Processing’s Marc Reibman warns that businesses should prepare for a new potential new headache: IRS Form 1099-K. Starting with the 2011 tax year, Reibman explains, businesses that accept credit cards — both online and store front — will have to include its figures in their federal filings.
(PRWeb February 21, 2013)
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