Common use of TAXES & IRS REPORTING Clause in Contracts

TAXES & IRS REPORTING. To comply with IRS 1099-K reporting requirements, we may be required to file a form 1099-K with the U.S. Internal Revenue Service (IRS). We may collect federal backup withholding upon transaction settlement, on behalf of the IRS, from you if you do not supply your legal name, SSN or EIN, or if you fail to respond to a request from us to verify the same.

Appears in 5 contracts

Samples: Sub Merchant Agreement, Sub Merchant Agreement, Sub Merchant Tri Party Agreement

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