Content Brief: Payments Via Card Eliminate 1099 Reporting

Starting in 2011, the 1099 reporting burden for payments made via card shifted to the merchant acquirer per IRC Section 6050W using Form 1099-K. Yet another way Commercial Cards offer efficiency to your organization and a great opportunity for program growth.

Share this information with your Accounts Payables staff. They’ll be appreciative and it’s a great way to garner their support. Providers, share this content with your clients.

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