Showing posts with label obama. Show all posts
Showing posts with label obama. Show all posts

Thursday, December 20, 2012

Payments From Qualified Education Programs

Form 1099-Q is an IRS form that an individual who receives distributions from a Coverdell Education Savings Account (ESA) receives from his or her respective investment company..... Read More

http://www.1099fire.com/software/1099q.htm

Wednesday, December 5, 2012

Merchant Card and Third-Party Payments

All merchants who accept payments through credit cards, debit cards, gift cards and PayPal will receive information returns telling them - and the IRS - the gross amount of the merchant card transactions. This will be broken down month by month. While the form uses the word "card," the IRS has made it clear that this is interpreted broadly to include third-party network transactions (i.e., PayPal)..... Read more

http://www.1099fire.com/software/1099k.htm