Small Business Tax Information
IRS Form 1099-K
IRS Form 1099-K ensures that small business owners who don't declare all of the revenues they receive via credit cards, debit cards, gift cards and services like Paypal will no longer be able to hide those revenues from the IRS.
In April of 2011, the controversial 1099-K bill was repealed.
Read more about the repeal and President Obama's reaction in our news article.
Comments regarding the bill from our original article are featured below.
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Additional Resources for Entrepreneurs
What's your take on IRS Form 1099-K? Do you think it's good or bad that the IRS is getting access to small business revenue information from payment processors?