I just received the 1099-K form my merchant processor and I'm trying to figure out what the requirements are for this new form. Can you please provide some insight as well as what I should look out for when reviewing the form?

ANSWER

Expert James Noone's Answer:

The 1099 K requirements have been repealed for 2011. Stay tuned for 2012.

James Noone, CPA

New Hampshire

30 yrs experience

Currently /5 Stars.
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Business Tax

1099 Tax

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I just received the 1099-K form my merchant processor and I'm trying to figure out what the requirements are for this new form. Can you please provide some insight as well as what I should look out for when reviewing the form?

James Noone, CPA

Accounting

Business Tax

Personal Tax

Business Finance

Personal Finance