Accept credit card payments? Beware this new IRS reg
The ARDC, Lawyers Trust Fund of Illinois, and others are sounding the alarm about a harsh new IRS reg that takes effect at the turn of the year. Here's what the ARDC posted on its website.
"Lawyers who accept debit and credit card payments from clients need to be aware of a recent IRS regulation scheduled to take effect January 1, 2013, which has the potential to adversely impact client trust accounts if certain precautions are not taken before January 1, 2013.
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