Jan
27
Changes to 1099s Tax Year 2012 (prepared 2013) – US Only
Posted by kwmcangel under 1099's, Account Edge/MYOB
Please visit the following links for an explanation of the IRS rule change and how AccountEdge will accommodate this change. To summarize, any 1099 payments paid to an individual using a credit card are not to be 1099’d by the payee, the credit card company will now be responsible for sending 1099s for those payments. For additional information on this rule change, please consult your CPA or visit irs.gov.
What’s this 1099-K and how does this affect 1099-MISC forms?
Updated 1099 Assistant
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