CC Payments to be Reported to the IRS

[Scorpion]

http://taxes.about.com/od/businesstaxes/qt/cardreporting.htm

[tto827]

The article was written in 2010.....

[Big Bear]

saloon

[Scorpion]

it seems it applies only to merchants

http://6050w.com/index.html

[Russian Rocket]

The article was written in 2010.....

[thunderous]

it seems it applies only to merchants
http://6050w.com/index.html

Yes it is. I own a retail business and my processor reports to IRS how much money was put into our account

[TheMoneyShot]

Yes, it's about all businesses. Not even gambling related. I own a business. The processor reports what the terminal dumps in your business (bank) account... so that you can't hide cash. So, when you balance end of the year numbers... everything jives together.

[Russian Rocket]

Yes, it's about all businesses. Not even gambling related. I own a business. The processor reports what the terminal dumps in your business (bank) account... so that you can't hide cash. So, when you balance end of the year numbers... everything jives together.

Money u tell them

[Emily_Haines]

Yes it is. I own a retail business and my processor reports to IRS how much money was put into our account

You should encourage people to pay with cash

i.e. 10% cash discount

[Russian Rocket]

You should encourage people to pay with cash

i.e. 10% cash discount

I thought u were all about America- what a fukked up advice u can give to someone about 10% cash discount