Discussion in 'BlackHat Lounge' started by MiLiTARYiV, Aug 29, 2008.
Does merchant accounts report their merchants income transactions to the IRS?
anybody. Any answer..LOL its lonely here
They are going to issue a 1099 in most cases.
My merchant processor doesn't issue a 1099. I didn't have to fill out a w9 either.
Are you stateside?
Yeah, I'm in Arizona. The land of the insanely hot sun. Stupid 30 char message minimum..
If you mean the company processing the credit card transactions, they don't directly report to the IRS, it's none of their business, but they will respond to a request from the government about your processing volume should one be sent.
Just like your bank.
If the gov wants to know how much digital money you're making/receiving/spending, they WILL find out.
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