New IRS regulations?

[LandL]

Got this email from Epoch today....,.

"We are writing to you today regarding new IRS regulations that affect ISOs, acquiring banks, processors, third-party payment providers and ACH processors.

The new IRS regulations require that, beginning in 2011, all banks and processors report clients' gross credit card, debit card, ACH, and third-party receipts via 1099-K forms. Epoch will provide you a copy of this report when it is filed in 2012. Further information regarding these regulations can be found at http://www.irs.gov/irb/2010-43_IRB/ar08.html. If you have any questions about these new IRS regulations, you should speak to your accountant or tax attorney."

Anyone else get this???