And so the screws are tightened.
On 3/10/2010 12:56 AM, [email protected] wrote:
----- Forwarded Message -----
From: "spiker"<[email protected]>
Sent: Tuesday, March 9, 2010 12:53:45 AM GMT -05:00 US/Canada Eastern
Subject: IRS to Track Online Sellers' Payment Transactions Beginning Next Year
IRS to Track Online Sellers' Payment Transactions Beginning Next Year
http://www.auctionbytes.com/cab/abu/y210/m03/abu0258/s03
By Barbara Weltman
www.AuctionBytes.com
March 07, 2010
Internet sellers who don't report their sales will no longer be under the
radar. Starting next year, any bank or other payment settlement company that
processes credit cards, debit cards, and electronic payments such as PayPal
will have to issue information returns telling the IRS what merchants receive.
The new returns are Form 1099-K, Merchant Card and Third-Party Payments.
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New;}}
\viewkind4\uc1\pard\f0\fs20 I've just upgraded to Thunderbird 3.0 and the
interface subtly weird.\par
}
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