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theplaceproperty
Returning Member

1099 K credit where to report on 1120s?

 
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2 Replies
theplaceproperty
Returning Member

1099 K credit where to report on 1120s?

Help.. credit card company withheld funds due to mismatched TIN.  How do I get this money back?  

PatriciaV
Employee Tax Expert

1099 K credit where to report on 1120s?

Your best option is to contact the credit card company for help recovering the funds that were withheld. If it's unlikely that you will get the money back, you may report this cost as a miscellaneous business expense.

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