ETA Joint Letter to MA Department of Revenue – Opposing 1099K Changes

ETA submitted the attached joint comment letter to the Department of Revenue in Massachusetts opposing the proposed change to the reporting requirements for third party settlement organizations which would lower the requirement to issue a 1099K form from the federal levels ($20,000 and 200 transactions) to $600 and no transaction requirements. This would be effective beginning with the 2017 calendar year.

We also thank Keith Noreika, who served as the Acting Comptroller, for engaging in an important dialogue on the future of financial industry regulation.”

View the full letter here.