Does Gross Revenue Reconcile With Your 1099-K Form?

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TAX REPORTING

Does Gross Revenue Reconcile With Your 1099-K Form?

By The BIDaWIZ Team on February 10th, 2015 at 1:09 am

The IRS requires payment processors to issue 1099-K forms in an effort to prevent merchants from under-reporting their income. Despite this requirement, many businesses are facing problems with matching the amount reported on the form with their gross revenue. What should you do if your business receives an incorrect form? .

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