IRS Announces Delay for Implementation Of $600 Reporting Threshold for Third-Party Payment Platforms’ Forms 1099-K
The reporting criteria for third-party settlement groups that were supposed to go into effect for the 2018 tax filing season have been delayed, according to the Internal Revenue Service. Third-party settlement organizations won't be required to disclose the tax year 2022 transactions on a Form 1099-K to the IRS or the payee for the …