Quote:
Originally Posted by philliesfan
How is it handled with the new tax laws? Does he send a 1099K? (I think that is the form.)
Thanks,
Bob
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Records for 1099-K forms are kept and then forms submitted from the use of third-party electronic payment systems/platforms, like Papal, Zelle, Venmo, or Ebay's Managed Payment system. Probstein is not a third-party electronic payment system running customer transactions through it, so no, they aren't currently going to be sending 1099-K forms to anyone.