Monday, May 14, 2012

The New 1099K Tax Form

Small businesses who sell above a certain level will now receive a 1099K that reports to the IRS their gross earnings. This new form especially applies to small business online sellers on marketplaces such as and An interesting infographic below, created by, explains some of the ins and out of this new tax form so you can better understand whether this change will affect your own small business taxes.

big news for small business owners 1099 K Infographic
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