The IRS again delayed the effective date of the $600 threshold for Form 1099-K reporting for third-party settlement organizations (TPSOs) and will treat 2024 and 2025 as transition years, the Service ...
The new change requires the online platforms to provide 1099-Ks to both their users and the IRS at a lower threshold than in prior years." Why? Distinguishing between taxable and nontaxable ...