1099-K Reminder

January 2, 2014

By: Missy Schmitt
Comptroller

UPDATE 3/4/2014:

The 1099-K’s have been sent out to all clients that had any credit card collections in the 2013 calendar year.  The 1099-K will be from ABC Financial Services, Inc. for your recurring billing.  It will include all Visa, MasterCard, Discover, and American Express credit card collections.  If you use ABC Merchant Services for your point of sale transactions, you will also receive a 1099-K from Merrick Bank for your Visa, MasterCard and Discover collections and a separate 1099-K from American Express.  The final 1099-K will be filed with the IRS by April 2, 2014.

ORIGINAL POST:

ABC Financial would like to remind you of the IRS reporting requirements concerning 1099-K’s. The 1099-K will be sent out to all clients that had any credit card collections in the 2013 calendar year. We will send the 1099-K’s by January 31, 2014. The 1099-K will be from ABC Financial Services, Inc. for your recurring billing. It will include all Visa, MasterCard, Discover, and American Express credit card collections. If you use ABC Merchant Services for your point of sale transactions, you will also receive a 1099-K from Merrick Bank for your Visa, MasterCard and Discover collections and a separate 1099-K from American Express.

Please refer to www.irs.gov if you would like more information regarding the 1099-K mandate. If you still need help or have other questions you can email clientsetup@abcfinancial.com or call 1-888-622-6290 ext 1286. You can also call your Account Executive or client services for additional help. An IRS W-9 form will be required if there are any changes that need to be made to the legal entity or tax identification number.

Click here to download a copy of the IRS W-9 Form.