2015 Tax Season

March 2, 2015

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 2014 calendar year.  We sent the 1099-K’s by January 31, 2015.  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 also received 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. 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. 

To download a copy of the IRS W-9 Form, click here (pdf).