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    #1

    Credit Card

    Trying to get 1099's finished. Was told that Qbooks said you don't have to send 1099 to vendors if pay by credit cards. Income is income no matter how you receive it I thought.
    Any proof of that or thoughts.
    Thank you
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    #2
    Correct

    1099K documents payments made by credit cards not 1099Misc

    Comment

      #3
      Have you tried IRS if talking about form 1099. See below

      https://www.irs.gov/pub/irs-pdf/i1099k.pdf
      Last edited by TAXNJ; 01-31-2017, 08:19 AM. Reason: Correct reference
      Always cite your source for support to defend your opinion

      Comment

        #4
        And another opinion for type of form 1099

        Form 1099 Rules for Employers
        https://smallbiztrends.com/2015/01/1099-contractors-paypal-credit-card.html
        Do you know the 1099 rules? As a small business owner, knowing these rules will help you maximize all of the benefits you have coming.
        Always cite your source for support to defend your opinion

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        This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

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