IRS Delays 2023 Form 1099-K Threshold, Introduces $5,000 for 2024
The IRS delayed the implementation of the new $600 Form 1099-K reporting threshold for third-party payment organizations. They plan a phased-in approach, with a $5,000 threshold set for 2024 to gradually implement the reporting requirements introduced under the American Rescue Plan. Read about the policy in our latest blog post.… Read more about IRS Delays 2023 Form 1099-K Threshold, Introduces $5,000 for 2024 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…