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Old Sep 25, 2013 | 11:27 pm
  #2541  
JerMah
 
Join Date: Feb 2013
Location: NY
Posts: 233
Originally Posted by jimbaum
I don't think that I want to find out, just for a mere 4,000 miles (with 2 accts). I will be stopping at 20k points until there are hard confirmations.
Really? A payment processor can 1099-K you for $1, or even one cent. The law is $20,000 AND 200 transactions = mandatory 1099-K. However, they can 1099-K you for any amount [of transactions or dollar amount] they please. This has been covered since 2011 repeatedly on many forums. Do you really not believe us?
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