Alert: The $600 threshold for payment apps and online marketplaces to report payments on Form 1099-K has been delayed for tax year 2023. The IRS is planning a threshold of $5,000 for the 2024 tax year.
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Form 1099-K Q&A
Jan 08, 2024 · 175.1 KB Download
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availableForm 1099-K reports payments and transactions for goods and services from third-party settlement organizations and their electronic payment facilitators.
A lowered threshold will mean an increase in the number of Forms 1099-K received. Individual and business clients may have questions about what receiving a
Download the Form 1099-K Q&A
File name: Form 1099-K Q&A.pdf
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