Update – 1099-K Reporting Rules

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  • 1/2/2023

Last week we made a post laying out the new 1099-K rules. Shortly after our post went live, the IRS announced that they are delaying the implementation of the $600 r...

Last week we made a post laying out the new 1099-K rules. Shortly after our post went live, the IRS announced that they are delaying the implementation of the $600 reporting threshold for third party payment platforms. The IRS outlined that the 2022 calendar year will be a transition period as part of the implementation that is now scheduled to start for 2023.

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