All merchants who accept payments through
credit cards, debit cards, gift cards and PayPal will receive
information returns telling them - and the IRS - the gross
amount of the merchant card transactions. This will be broken
down month by month. While the form uses the word "card,"
the IRS has made it clear that this is interpreted broadly
to include third-party network transactions (i.e., PayPal).
Exception: Very small merchants
won't be issued information returns. "Small" for this purpose
means annual gross sales on merchant cards of no more than
$20,000 or 200 or fewer transactions. In other words, reporting
is required only if gross amounts for the year exceed $20,000
AND there are more than 200 transactions.
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Everything you need to know about
on the screen as it would be typed on the form itself.
Or import the
data from Excel, csv file format.
Its easy to do.
Our 1099-K software prints on the following
official IRS laser forms:
and horizontal printing offsets so that your data prints
perfectly on the form each and every time.
Copy B and C can be printed on plain
paper with black ink.
Copy B can be printed with or without
instructions and SSN masking.
Convert any form to a secure PDF and
email to clients.
1099-K's electronically with the IRS.
creates files in the format required by the
IRS for electronic transmission. The system is updated each
year to reflect the format changes that are made by the
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click a button and the software will automatically log in
and upload your file to the IRS FIRE system. You will receive
verification within seconds of receipt of your file.
support is provided at no extra charge for the tax
year that the software was purchased.
live update feature helps us communicate with you, the customer,
and keep you up-to-date with the latest form revisions.
may be stored anywhere on your hard drive, portable drives,
network drives or external diskettes for quick retrieval.
You can also export your data to a csv file format.
and/or Payee contact information for quick form entry to
reduce repetitive typing.
Copy B to the payer by January 31, 2014.
A of this form with the IRS by February 28, 2014. If you
the due date is March 31, 2014.
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