IRS Delays Tax Reporting Change for 1099-K on Venmo, Paypal Business Payments

  • 📰 nbcchicago
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

Switzerland Nachrichten Nachrichten

Switzerland Neuesten Nachrichten,Switzerland Schlagzeilen

Tax professionals and consumers are likely to cheer the delay, which means the pre-2022 threshold of $20,000 for more than 200 transactions applies for now.

The agency said it will issue additional details on the delay, as well as guidance for taxpayers who may have already received a 1099-K as a result of the American Rescue Plan changes.

Tax pros had flagged the lower tax reporting threshold as a possible pain point for filers, with the risk of receivingon platforms such as Venmo and PayPal, such as gifts or reimbursements.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 545. in CH
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

saraaasmith_

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen