December 2023 - Jeanne M Adams CPA

IRS Delays 2023 Form 1099-K Threshold, Introduces $5,000 for 2024

by Taxing Subjects | Dec 15, 2023 | Tax Tips and News

In a recent announcement, the Internal Revenue Service (IRS) has decided to delay the implementation of the new $600 Form 1099-K reporting threshold for third-party payment organizations. The decision to treat 2023 as a transition year comes in response to feedback...

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IRS Delays 2023 Form 1099-K Threshold, Introduces $5,000 for 2024

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