MiLiTARYiV
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- Jan 9, 2008
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Does merchant accounts report their merchants income transactions to the IRS?
Merchant Accounts IRS
- Thread starter MiLiTARYiV
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MiLiTARYiV
Senior Member
- Jan 9, 2008
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anybody. Any answer..LOL its lonely here
Uptownbulker
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- Oct 21, 2007
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They are going to issue a 1099 in most cases.
Uptownbulker
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bhnoobz
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Yeah, I'm in Arizona. The land of the insanely hot sun. Stupid 30 char message minimum..
scubaslick
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- Aug 23, 2007
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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.
Just like your bank.
If the gov wants to know how much digital money you're making/receiving/spending, they WILL find out.