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credit cards
The CARD Act – New Rules for Credit Cards
The CARD Act – New Rules for Credit Cards The CARD Act, the Credit Card Accountability, Responsibility and Disclosure Act,signed into law on May 22, 2009, supposedly will provide increased consumers protection.Most of the changes go into effect after February 22,...
Credit Card Payments Reported to IRS
Payment Card Reporting. Under new Code Section 6050W, a business client who accepts payment cards will receive annual statements from the banks or other organizations issuing the cards showing the gross amount of card payments made to the client. The bank or other...