Originally Posted by
bingunginter
They don't send you 1099 as long as the total transaction is less than $20,000 and 200 transaction.
I have used square for various small transaction up to $3000. Never received 1099. I'm planning to just charge $10,000 to meet the spending in one swipe. Any body tried this ?
A charge of $10K will only bring you unwanted attention. The goal is to spend $10K. You can make the spend with smaller transactions and still stay under the radar.