Category: 1099
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IRS Announces Delay On New $600 Form 1099-K Rule (2023, 2024, 2025 Details)
Written by Chuck @ Doctor Of Credit The IRS has announced a delay on implementation of the law requiring payment processing companies like Paypal report payments of $600+. The bureau will implement the rule with a three-prong approach: Year 2023: For the current tax year, the IRS will delay making any changes. Companies can use…