Archives › 2012 › January › 28

What is Form 1099-K and why should I care?

You may receive for the first time for tax year 2011 Form 1099-K from your merchant account provider or other third party payment processors such as Paypal for amounts customers paid to you through their network. You should add up all Form Form 1099-MISC and Form 1099-K amounts and make sure that total amount is equal [...]