Intuit recently mailed a 1099-K form to you reflecting your QuickBooks Payments account volume for the 2016 tax year. Box 1b (Card Not Present Transactions) of the 1099-K you received contains inaccurate data.
In the next two weeks, you will receive an updated 1099-K form with accurate data and the updated version will be available at merchantcenter.intuit.com by February 8, 2017. You may discard all previous 1099-K forms you received or downloaded.
Please note that no data has been provided to the IRS related to your inaccurate 1099-K. The correct 1099-K data will be provided to the IRS, as required by law, in April 2017.
If you have questions about your 1099-K form, please click here for additional information.