Card Systems Cares, Inc. is a non-profit organization making a difference in the world. Learn how you can help today.

Join Us On Facebook

IRS Reporting Requirements

The Housing Assistance Tax Act of 2008 included the enactment of Section 6050W of the IRS Code. This is an important new measure that requires obligated reporting entities to report the gross amounts of their merchant customers' payment card and third party network transactions to the IRS.

As a result of these new requirements, which applies to all transactions beginning on January 2, 2011, merchants are obligated to provide their tax identification number (TIN) and tax filing name. If the IRS notifies the reporting entity that there is a discrepancy between the information provided by the merchant and the IRS records, the reporting entity will be required to withhold tax on the merchant's future funding amounts. For additional information, the IRS website is http://edocket.access.gpo.gov/2010/pdf/2010-20200.pdf

Contact Information
Call us at +1 (239) 549-5055 or toll free at  (866) 207-3298
Email: info@cardsystems.com

Privacy Policy

(866) 207-3298
(866) 207-3298

Apply Now
Request more information from Card Systems


The Latest Clover POS!

What does the Clover Station offer?

Do you want the WOW factor for your clients? What about ease of use for your employees?

Clover POS has it all and sets up in minutes! It boasts a sleek design, small footprint and it is cloud based!

Choose from tons of apps and customize to your business needs.

Accept Credit Cards Anywhere!

Our mobile solution is a perfect payment solution for your service or product.  A mobile solution is a must if your business has multiple locations.