END OF YEAR TAX REPORT

Federal tax laws now require that payment processors annually report to the IRS the gross processing volume of all merchants. When you process credit cards, ACH, or other forms of electronic payments, you will receive one (or more) 1099-k Forms each January. We recommend you work closely with your CPA to ensure correct 1099-k reporting on your tax returns.

You may be able to access your 1099-k online, in addition to receiving it in the mail. Contact us for more specifics or help at support@ascentprocessing.com.