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Taxes: The IRS introduces the 1099-K (AKA PayPal 1099) from your online payment provider

by John Coates | January 9/2012 | 1099-k, online-payment, paypal-1099, small-business
Taxes: The IRS introduces the 1099-K (AKA PayPal 1099) from your online payment provider

If you’re a small business and receive funds via credit cards online, or other online payments from your clients, you can anticipate receiving a 1099-K this coming tax year. The 1099-K is the IRS’ latest tax form for small business, which is provided directly to the IRS from your online payment provider (such as PayPal)