On rare occasions, Yapstone is unable to send funds to its merchants. For example, the bank account provided when signing up for service may have changed but Yapstone was not notified and/or the payee may not be responsive to our requests. According to Legislation, Yapstone has a responsibility to remit these unclaimed funds to the relevant state. Before escheating these funds, Yapstone attempts to contact the payee hoping to send these to its rightful owner. The merchant is notified of an “unclaimed property”. Please note a fee will be applied to cover costs associated with the process.
Articles in this section
- Form 1099-K: An overview
- What is a Form 1099-K?
- What is the purpose 1099-K reporting?
- When will I receive my Form 1099-K?
- How is the “gross amount” defined on the 1099-K?
- What are the Form 1099-K thresholds?
- What is a Federal “TIN” or Tax Identification Number?
- I don’t want a 1099-K, I already report my income to the IRS – why do you need to report as well?
- You’ve issued my 1099-K to my LLC, but my LLC was not set up until June 30 of last year. I need the volume split between my SSN and my LLC’s EIN
- What do I do if I think my Form 1099-K is incorrect?