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Archive for June 2013

On June 20, 2013

1099-K Reporting Requirements

1099-K Reporting Requirements for Payment Settlement Entities Beginning in January, 2012, payment settlement entities (PSEs) are required by the Housing Assistance Tax Act of 2008 to report on Form 1099-K the following transactions: All payments made in settlement of payment card transactions (e.g., credit card); Payments in settlement of third party network transactions IF: -Gross
On June 4, 2013


TAX UPDATE !!!TIME SENSITIVE – VITAL TAX UPDATE!!! The IRS is requiring reporting and taxation on all FOREIGN owned BANK ACCOUNTS and ASSETS by citizens and permanent residents of the U.S. Requirements are specific, deadlines are set, penalties for noncompliance are atrocious, and negligence is not tolerated. . Technology improves our lives with information but