adminnew 1099 tax law 2024 – The IRS again delays law that would have required Ticketmaster, Venmo, and others to issue 1099-Ks to those with more than $600 in revenue in 2023. . The IRS announced that it would delay the new $600 Form 1099-K reporting threshold for third-party settlement organizations for 2023. .
new 1099 tax law 2024
Source : www.usatoday.com
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IRS delays 1099 K rules for side hustles, ticket resales
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new 1099 tax law 2024 IRS delays 1099 K rules for side hustles, ticket resales: The IRS wants to crack down on third-party payment reporting and was initially planning to require these platforms to issue a 1099 form to anyone who received more than $600 in payments in 2023. But . A short window won’t necessarily stop lawmakers from proposing or introducing new legislation, though โ if only to position themselves ahead of next November’s election. .