If you have received notification from American Express tax information update, you would need to visit www.americanexpress.com/taxinformationupdate to finish it online. You will be asked to enter your Merchant Number and Secure Code to verify your information.
American Express Tax Information Update Instructions
American Express tax information update link is for those who have got notification from American Express. People who have received tax update notification should visit this site and follow the given instructions to get it done. This is required based on the recently enacted federal law and all started in 2011. According to the law, American Express will be required to report to the Internal Revenue Service (IRS) the gross amounts paid to each of its merchant customers. Thus accurate and up-to-date merchant customer account information is needed.
Here is the citation of the background of merchant card reporting:”In 2008, Congress passed the Housing and Economic Recovery Act. As part of the Act, new Section 6050W of the Internal Revenue Code was enacted, which requires ‘merchant acquiring entities’ (like American Express) to report gross amounts of payment card transactions to the IRS for each of their merchant customers starting 2011.
If you or your company did not receive any notification from American Express and ask you to update tax information, you do not need to do this at this site. However if did get the message, please enter your merchant number and secure code within the page to verify your information.
About American Express
American Express Company was founded in 1850 and headquartered in Three World Financial Center, Manhattan, New York, United States. It is a provider of multinational financial services in America, which is recognized for its credit card, charge card, and traveler’s cheque businesses. With more than 160 years experience, American Express now is a valuable brand in the world and listed among the top 20 Most Admired Companies by Fortune.
Update your tax information at www.americanexpress.com/taxinformationupdate.