UPDATE: IRS Delays $600 1099-K Reporting Threshold, CTA Reporting for Small Biz Still a Go in 2024
One Down, Another Must Go: IRS Delays $600 1099-K Reporting Threshold for 2023 ($5,000 threshold established), New CTA “Beneficial Ownership” Reporting MUST be Next by Karen Kerrigan – 1099-K Reporting Threshold Delayed On November 21, the IRS announced that it will once again delay implementation of the lower threshold for 1099-K reporting, which dropped from […]
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