(PRWEB) February 24, 2012
A transportation company that receives proceeds of credit card transactions from its bank, on behalf of its independent contractor drivers who accept credit card payments, and then distributes the proceeds to the driver, must issue a Form 1099-K to each driver reporting the gross proceeds. In addition, the transportation company must report all 1099-K forms to the IRS either electronically or on IRS approved 1099-K forms. If 250 or more forms are to be reported the filing must be done electronically.
Etax1099 in keeping with the tradition of providing easy to use effective e-filing services has launched Bulk-filing services for Form 1099-K. This Bulk Filing Service allows companies to file all their 1099-K’s through an excel file with no need to download software or hassle with compatibility issues.
Etax1099 also offers printing and mailing services with Form 1099-K allowing the Filer to eliminate the hassle of mailing all the forms to the corresponding recipients. Etax1099 puts the customer first with live chat support and experienced tax professionals assisting each and every customer with their filing process.
Visit http://www.etax1099.com for more information today.
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