Advertiser Disclosure

💳 Save money on credit card processing with one of our top 5 picks for 2022

What You Need To Know About The IRS’s New Reporting Requirements For Merchants

    Amad Ebrahimi
  • 3 comments
  • Updated on:
Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.
Amad Ebrahimi
Amad has worked in the eCommerce and online marketing world since 2002. He started as an eBay seller, then slowly graduated to building & marketing his own websites and consulting others to do the same. He founded Merchant Maverick out of frustration with all the misinformation and shady tactics that he encountered when trying to find a merchant account for his and his client's businesses. He's the man behind most of the merchant account reviews, and articles posted on MerchantMaverick.com. Have any questions related to credit card processing? Talk to him.
Amad Ebrahimi
View Amad Ebrahimi's professional experience on LinkedIn.

We've done in-depth research on each and confidently recommend them.

We've done in-depth research on each and confidently recommend them.

Leave a comment

3 Comments

Responses are not provided or commissioned by the vendor or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. It is not the vendor or bank advertiser's responsibility to ensure all posts and/or questions are answered.

    Alex

    Great article Amad Ebrahimi. Your articles are really informative.

      Olivia

      Great article on Form 1099-K. Please Provide information on 1099 NEC

        Lydia Lerner

        Paypal told us about this over a year ago and only today did we receive an email telling us that they are sending us a letter about the IRS new reporting. It was very ominous sounding that we may have to have funds withheld. If this is about the 1099k it would work the same way as all 1099s – you pay your quarterly taxes based on prior year then you will owe more in April most likely. We do have reconcile all refunds and shipping because it will be the gross but we have all known about this for over a year due to Paypal alerting us and requesting tax id updates and social security numbers.

        Leave a Reply

        Your email address will not be published. Required fields are marked *

        Comment moderation is enabled. Your comment may take some time to appear.
        Please read the "User Review and Comment Policy" before posting.

        Featured Offer: We Recommend QuickBooks 🎉

        Take it for a spin with a free trial.

        Try QuickBooks Today

        Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.

        The vendors that appear on this list were chosen by subject matter experts on the basis of product quality, wide usage and availability, and positive reputation.

        Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews. Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services. The rating of this company or service is based on the author’s expert opinion and analysis of the product, and assessed and seconded by another subject matter expert on staff before publication. Merchant Maverick’s ratings are not influenced by affiliate partnerships.

        Sign up for the Maverick Newsletter

        • Please select topics of interest

        • We occasionally send out emails with special offers.
        • This field is for validation purposes and should be left unchanged.