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  1. #1
    Senior Member Reputation points: 52185 ADiamond's Avatar
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    ^^ especially if the merchant defaults and the funder decides to report the advance as a 1099-misc miscellaneous income to the IRS
    Anthony Diamond
    Underwriter

  2. #2
    Veteran Reputation points: 135672 Chambo's Avatar
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    Quote Originally Posted by ADiamond View Post
    ^^ especially if the merchant defaults and the funder decides to report the advance as a 1099-misc miscellaneous income to the IRS
    Or if the merchant turns to the IRS and says they cannot afford their payment due to the high cost of cash advance

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