Regulatory Accounting Assistance Program (RAAP)

Making it easy for you to comply with the IRS card payment acceptance rule


Primary Feature: 

Online Reconciliation: capability to view existing payment accounting and compare against gross payments reportable to the IRS 



  • Explanation of computed amounts reported
  • Reconciliation of paid versus reported sales for merchant tax return
  • Integration with merchant online portal
  • Information can be exported via Excel and imported to tax software if compatible
RAAP program

Important Dates:

  • January 2016-December 2016. Data collected for year-end reporting 
  • January 2017. From 1099-K must be mailed to merchants by January 31, 2017 
  • March 2017. Merchant Forms must be filed with the IRS