I didn't realize the CC company issues a 1099-K, I just knew it was a 1099 and assumed it was the same as the one we issue.Thanks for pointing that out!
@RobertB4444If I pay a vendor via Credit Card and issue a 1099 and then the Credit Card company issues a 1099 for the same payment, wouldn't the income be repor...
It is probably asking too much to ask your clients to keep track of what should and should not be included on the 1099. My guess is your only option is to accep...
And to close this out (probably), the contractor who started all of this by asking about her 1099 informed me that she did get one from her credit card processo...
@DianeW777On the page you linked to, there is a direct link to "Form 1099 K" on the left. This forum wouldn't let me post the URL. It isa bit more than 1/2 down...