![]() ![]() The IRS will send out 1099-K forms to those filers.įor most recipients of the 1099-K, the form will actually make submitting a tax return much easier. The payment services have an obligation to inform the IRS of any users who have hit those thresholds. As it stands, taxpayers are only required to complete the form if they receive at least $20,000 in payments from 200 transactions across 2022. The 1099-K forms will be used by a small number of self-employed filers this year, but the IRS wants to make their use far more widespread. OXWgwRsFrg- Taxpayer Advocate DecemWho will get a 1099-K form this year? ![]() Collins to learn more about this new guidance. Read the latest blog from National Taxpayer Advocate Erin M. IRS postpones implementation of $600 Form 1099-K reporting by a year. ![]()
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