Fw: Industry Notice - New IRS Requirements for Card Processors

March 12, 2012 To All Interested Parties: Industry Notice #12-06                         March 12, 2012 For Immediate Release  Credit Card Merchant Reporting Requirements The New York City Taxi and Limousine Commission (TLC) reminds taxicab industry members that new United States Internal Revenue Service (IRS) requirements may require credit card processing companies to file 1099-K forms for fares paid by credit or debit cards. To learn more about the new requirement, please follow the links below and consult your tax professional. Links regarding new requirement: http://www.irs.gov/businesses/article/0,,id=251489,00.html http://www.irs.gov/newsroom/article/0,,id=253979,00.html Visit Taxi and Limousine Commission Web site at: http://www.nyc.gov/taxi This is the NYC.gov News You Requested For: TLC NEWS Comment on this news service PLEASE DO NOT REPLY TO THIS MESSAGE!