![]() ![]() ![]() This includes creators, influencers, ride share drivers, or side-giggers. If you're self-employed and accept credit, debit, or prepaid cards, you may receive Form 1099-K for more than 200 transactions exceeding an aggregate of $20,000 processed by a third party.As a result of this delay, well known third-party settlement organizations (TPSOs) will not be required to report tax year 2022 transactions on a Form 1099-K to the IRS or the payee for the lower, more than $600 threshold amount enacted as part of the American Rescue Plan of 2021. On December 23, the IRS announced a delay in reporting thresholds for third-party settlement organizations set to take effect for the upcoming tax filing season.Form 1099-K (Payment Card and Third Party Network Transactions) is used by credit card companies and third party processors like PayPal and Venmo to report transactions processed for retailers and other third parties.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |