Merchants who sell products online and/or in bricks-and-mortar stores may receive a statement from their payment processor called Form 1099-K, Payment Card and Third Party Network Transactions. There is much confusion about the form and what it means to your Read more
Selling ill-gotten goods online is never a wise decision, and attempting to hide the proceeds from the IRS only compounds matters. The government says a company executive assistant bought unauthorized supplies from Staples and charged it to her employer, “intentionally Read more
If you’re like most U.S. sellers doing a significant volume of sales, you’ve begun receiving Form 1099-K from payment processors. But should you be concerned if the amounts being reported to the IRS on Form 1099-K is different from your Read more
