The U.S. IRS has announced a delay of the new USD 600 Form 1099-K reporting threshold for third party settlement organizations for calendar year 2023.
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IRS announces delay in Form 1099-K reporting threshold for third party platform payments in 2023; plans for a threshold of $5,000 for 2024 to phase in implementation
WASHINGTON — Following feedback from taxpayers, tax professionals and payment processors and to reduce taxpayer confusion, the Internal Revenue Service today released Not…