H.R. 3877 · 112th Congress
1099K Overreach Prevention Act
- Stage
- In committee
- Sponsor
- Aaron Schock
- Introduced
- 2012-02-01
- Latest action
- 2012-02-01 · Introduced in House
Summary
1099K Overreach Prevention Act - Amends the Internal Revenue Code to exempt taxpayers who are required to report payments made in settlement of payment card and third party network transactions from any requirement to reconcile such payments to amounts related to gross receipts or sales.