by Steven J Weil, PhD, EA, LCAM | Aug 8, 2023 | Blog, Business Tax, Personal Tax
1099-K Confusion on the Horizon The American Rescue Plan Act of 2021 lowered the filing threshold for payment processors and credit card companies from 200 transactions or $20,000 to just $600 for 2022 — but the IRS delayed the effective date until 2023. Because...
by Steven J Weil, PhD, EA, LCAM | Dec 26, 2022 | Blog
IRS announces delay for implementation of $600 reporting threshold for third-party payment platforms’ like Venmo, PayPal, Cash App, etc. December 23, 2022, the IRS released Notice 2023-10, which announces the delay in implementation of the $600 lower requirement for...
