![]() IRS announces delay in Form 1099-K reporting threshold for third party platform payments - Following feedback from taxpayers, tax professionals and payment processors and to reduce taxpayer confusion, the Internal Revenue Service this week released Notice 2023-74 announcing a delay of the new $600 Form 1099-K reporting threshold for third party settlement organizations for calendar year 2023. Eligible taxpayers don't need to take any action to get it. ![]()
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