IRS launches compliance program for Form 1099-K

12/4/2012 | AICPA Insights

The IRS has announced a Form 1099-K compliance program in which it will send 20,000 notices to business taxpayers to make sure they are properly reporting their income and that the merchant card data received by the government is accurate. The agency will also be sending notices to business clients regarding mismatches of Form 1099-K information.

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