As tax season nears, there’s increased debate on the 1099-K reporting threshold for payment apps and e-commerce transactions. Lawmakers advocate raising this threshold, amidst concerns over taxpayer confusion and administrative burdens from the IRS’s reduced limits. You can find more information here.
As tax season nears, there’s increased debate on the 1099-K reporting threshold for payment apps and e-commerce transactions. Lawmakers advocate raising this threshold, amidst concerns over taxpayer confusion and administrative burdens from the IRS’s reduced limits. You can find more information here.
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