In early September, 2012, the Council of Presidents of the ACC member institutions voted in favor of provisions requiringpayment of an exit fee by member schools wishing to withdraw from the Conference, which was effective immediately upon the vote in affirmation by the presidents.
Like the rest of Groupon, Getaways will promote limited-time deals requiring customers to make an upfront payment in exchange for a voucher that can then be redeemed within a certain period of time.
Concerns over how best to report and reconcile items on the form 1099-K have plagued retailers and individuals alike since legislation was passed by Congress in 2008 requiring the issuance of forms 1099-K for third party merchant and credit card payment processing which meets certain criteria.