Important Information for Lawyers Who
Accept Credit Cards
It is for important for attorneys to be aware of the potential withholding of 28% from credit card transactions that can occur beginning January 1, 2013, if the lawyer’s tax ID number and name that are on file with the credit card company do NOT match that same information on file with the IRS.
For more information on this issue, see https://www.lawpay.com/news/irs6050w.pdf
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