Tuesday, April 3, 2012

The IRS 10-99-k Form ( downloadable)

This is sample of The Amazon 1099-K form. Are you wondering why you are receiving a new 1099K form from  Amazon, Paypal or other payment processors this year? The 1099K is part of an effort by the Internal Revenue Service ( IRS)  to close the “tax gap”. What's a  The tax gap? It  is simply a term used to describe the difference in total income tax that taxpayers voluntarily report compared to the amount that they should have reported.For more information on how to processthis new system, visit www.bankonitfinances.com.