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Monthly Archives: December 2012

IRS – New Program Targets Underreporting by Form 1099-K Taxpayers

  The IRS launched a New Compliance Program targeting the underreporting of income by Merchant taxpayers who receive Form 1099-K information returns from credit card companies and third-party transaction networks.        If you receive a letter or notice from the IRS, it will explain the reasons for the correspondence (Audit) and provide instructions. The notice you receive…
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