Summary: H.R.3877 — 112th Congress (2011-2012)All Information (Except Text)

There is one summary for H.R.3877. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (02/01/2012)

1099K Overreach Prevention Act - Amends the Internal Revenue Code to exempt taxpayers who are required to report payments made in settlement of payment card and third party network transactions from any requirement to reconcile such payments to amounts related to gross receipts or sales.