Hacker News Reader

I assume you need to file a 1099-MISC with the IRS for each managed account that's setup on the system?

If so, you might want to make this reporting requirement more visible in your documentation.

Actually only if account does 200 txns and $20,000.

http://www.irs.gov/Businesses/New-1099-K-Reporting-Requireme...

We will, by default, send out 1099-Ks to the managed accounts. We'll likely provide some flexibility here depending on what the platform would prefer, but we're still talking to platforms to find out what's ideal for them.

Reply on news.ycombinator.com