IRS, Delay

IRS to Delay Required Issuance of 1099-K for Payment Platforms

Many were dreading the requirement for payment service entities (PSE) like PayPal, Venmo, and Cash App to issue a 1099-K for taxpayers receiving $600 or more for goods and services.  The legislation requiring this was part of the American Rescue Plan Act of 2021. Congress was poised the delay this measure but Congressional Action failed. […]

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