IRS 6050W
IRS 6050W

Recent Internal Revenue Service regulations require merchant acquiring entities to report the annual gross dollar amount of payment card transactions settled for each of their merchants under the merchant’s legal business name and Federal Tax Identification Number (TIN). The merchant’s legal business name and Federal TIN must match exactly what is on file with the IRS.

Learn more about section 6050W by exploring the appropriate site below.


Merchants

Are you a merchant
Learn how Section 6050W will affect your business, review FAQs, and access additional resources.

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Agents

Are you an agent
Learn more about the Section 6050W and how it will affect your merchants. Become familiar with the requirements and the role you should take.

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