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Trusted Answers From Licensed Business Professionals

Did You Receive An Incorrect 1099-K Form?

Many businesses have recently received 1099-K forms issued by third-party payment processors such as PayPal. The IRS recently required that processors issue this informational form in an effort to prevent merchants from under-reporting their income. However, businesses are finding that these forms are sometimes being issued even if not required and with errors. What should you do if your business receives an incorrect form? .
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