Credit-cardsIf you happen to be back at work after the holiday, here is a news story that may have an impact on your law practice. And just to be sure it catches your attention, it involves the Internal Revenue Service.

The news came by way of the State Bar of Arizona, and it opens like this:

“The IRS is about to start complicating life for some attorneys.”

“Starting January 1st, attorneys who accept credit cards need to make sure that the names on their merchant accounts match the ones the IRS has on file. Some attorneys may have used abbreviations or acronyms when they opened their accounts.”

“If there is not an EXACT match between the information provided to the credit card processing company and the information on file with the IRS, there may be serious consequences.”

Read the complete article here.