IRS warns taxpayers about new $600 threshold for third-party payment reporting

The IRS on Tuesday warned taxpayers about the new $600 threshold for receiving Form 1099-K for third-party payments. - The change applies to payments from third-party networks, such as Venmo or PayPal, for transactions such as part-time work, side jobs or selling goods. - “It’s going to be a new…#form #receiveform #receivingform #adammarkowitz #markowitz #transactions #thirdparty #thirdpartynetworks #personal #threshold

Source: Reuters: Health - November 26, 2022 Category: Consumer Health News Source Type: news