Tags: IRS

Tax IDs and TIN Mismatch

The Tax Identification Number is requiredAs part of our legal responsibility to ensure that all electronic payments can correctly be traced to a real company and real people, Dharma is required to collect the Tax Identification Number for every new account. For most businesses, this is your Employer Identification Number [...]

1099-K Questions

What's a 1099 Form? Starting in 2011, the IRS began mandating that all Merchant Service Providers, like Dharma, report income back to the IRS on an annual basis. Per federal law, we are required to report this information to the IRS. 1099-K forms will include the gross processing figures for [...]