Form 1099-K - Payment Card And Third Party Network Transactions

Instructions for Payee

taxpayer identification number (ATIN). However, the

issuer has reported your complete identification number

You have received this form because you have either:

to the IRS, and, where applicable, to state and/or local

(a) accepted payment cards for payments, or (b)

governments. Note. If your EIN is reported in this box,

received payments through a third party network that

you should see the complete number in this format

exceeded $20,000 in gross total reportable transactions

(XX-XXXXXXX).

and the aggregate number of those transactions

exceeded 200 for the calendar year. Merchant acquirers

Account number. May show an account or other

and third party settlement organizations, as payment

unique number the PSE assigned to distinguish your

settlement entities (PSE), must report the proceeds of

account.

payment card and third party network transactions

Box 1. Shows the aggregate gross amount of payment

made to you on Form 1099-K under Internal Revenue

card/third party network transactions made to you

Code section 6050W. The PSE may have contracted

through the PSE during the calendar year.

with an electronic payment facilitator (EPF) or other third

Box 2. Shows the merchant category code used for

party payer to make payments to you.

payment card/third party network transactions (if

If you have questions about the amounts reported on

available) reported on this form.

this form, contact the FILER whose information is

Box 3. May show the number of purchase transactions

shown in the upper left corner on the front of this form.

(not including refund transactions) processed through

If you do not recognize the FILER shown in the upper

the payment card/third party network. (Optional—The

left corner of the form, contact the PSE whose name

PSE is not required to complete this box for 2012.)

and phone number are shown in the lower left corner of

the form above your account number.

Boxes 5a–5l. Shows the gross amount of payment

card/third party network transactions made to you for

See the separate instructions for your income tax

each month of the calendar year.

return for using the information reported on this form.

For the latest developments regarding Form 1099-K

Payee's taxpayer identification number. For your

that may occur after this form is printed, visit

protection, this form may show only the last four digits

of your social security number (SSN), individual

taxpayer identification number (ITIN), or adoption

Form 1099-K - Payment Card And Third Party Network Transactions - 2012 Page 4

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