Tip #2: IOLTA/Credit Cards – New IRS Section 6050W & How it Affects Attorneys

Continuing my posts on best practices for IOLTA accounts/transactions, I wanted to share this information with you. This information comes via the ABA Commission on IOLTA. “Beginning January 2013, new IRS requirements regarding the reporting of credit card transactions will go into effect and may have the potential to negatively impact IOLTA accounts and lead …

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