This procedure provides the requirements for a payment card organization to request and obtain an IRS determination that it is a Qualified Payment Card Agent (QPCA) for purposes of the related final regulations under sections 34 of the Code that address the information reporting and backup withholding requirements for payment card transactions.
This document establishes an optional procedure for payors who make payments in the course of their trade or business through payment cards to determine whether the payments are reportable under sections 60A of the Code and the regulations thereunder.
The regulations also provide guidance for making the election to treat a trust as a GST trust.
When they try to log-in, it will send a unique code to that phone number, and that has to be typed into the site.
It isn’t clear why there has been such a huge amount of these in recent months, but reports of them definitely do seem to be surging.
The advice is the same as traditional phishing: responsible companies will never ask you to reply to a message with your personal details, or tell you to click on a dodgy link, so make sure that you always only give your information to official websites and be careful that you are.
If they want to have it shut down, it says, they need to reply to the message with the 6-digit verification code that they are about to receive.
It’s a sneaky way of getting people to put the authentication message that they have received from Google into a text message so that scammers can get around the security setup. Again, the key is never to enter any important codes into a text message or any unverified sites.