Content about Debit cards

February 22, 2012

In a definitive answer to questions about 1099K reporting requirements, which relates to debit and credit card receipts, the IRS has said it will not require retailers and businesses to separately reconcile reimbursement information, such as cash back, sales taxes, state and local deposits, and other non-income related dollars from the gross receipts.

The IRS letter came in response to an inquiry from the Retail Industry Leaders Association (RILA), an Arlington, Va., trade group.

June 14, 2011

Are banks and credit card companies charging too much for debit transactions? Here's what we heard:

February 10, 2008

Since the start of the 2000s, Ace, True Value and Do it Best have all...