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  • IRS to Track Credit and Debit Card Purchases More Closely: Businesses and Hobbyists Think Twice Before You File Your 2011 Tax Return

02/07/2012 07:00:00 PM EST

IRS to Track Credit and Debit Card Purchases More Closely: Businesses and Hobbyists Think Twice Before You File Your 2011 Tax Return

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Banking & Financial services Articles on Martindale.com

To help combat underreporting of income by businesses, banks and credit card payment providers (e.g., eBay, PayPal) are now required to report gross annual payments processed by credit or debit cards to both the Internal Revenue Service (IRS) and to merchants Read More...