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Level 3
January 12, 2024
Solved

Credit Card processing fees

The company that processes my invoices and the money I charge customers by credit card, is not providing me with the total amount of processing fees they charged me for the year. They expect me to calculate that. It is a business expense for which I have to provide proof to the IRS. Are they legally obligated to give me that total, or can they require me to calculate it myself?

DaveF1006
DaveF1006Answer
Alumni - Intuit
January 12, 2024

They are not legally obligated to provide you this information but is a poor business practice in my opinion.

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1 reply

DaveF1006
DaveF1006Answer
Alumni - Intuit
January 12, 2024

They are not legally obligated to provide you this information but is a poor business practice in my opinion.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"