IRS Notices Sent To Small Businesses

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TAX REPORTING

Thousands Of IRS Notices Were Recently Sent To Small Businesses

By The BIDaWIZ Team on August 15th, 2013 at 5:59 pm

A couple of years ago, we had warned small businesses of the potential issues that could arise from the new 1099-K form reporting requirement. It didn't take long for the IRS to send notices to 20,000 small businesses indicating that they may be under-reporting income. What should you do if you receive this notice now or in the future? .

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