Keep yourself informed on the latest Form 1099-K notices and penalties for the 2022 tax year. Form 1099-K is one of the most important information returns for third-party payment networks
Tag: New 1099-K Reporting Requirements
Form 1099-K Threshold 2022 – The New Rules Beginning 2022Form 1099-K Threshold 2022 – The New Rules Beginning 2022
A quick rundown on what’s changing for 1099-K reporting in 2022. If you’ve been in the loop, a lot has been changing in the 1099 world. Form 1099-NEC was re-introduced
$600 Rule For 2022 – New 1099 Reporting Requirements For Payment Apps$600 Rule For 2022 – New 1099 Reporting Requirements For Payment Apps
Here’s a simple approach to understand how the new $600 reporting requirements impact payment apps like PayPal, Venmo, Cash App, and others. $600 – That’s the new reporting threshold for payment