IRS Provides Relief for Payment Platforms: 1099-K Threshold Set at $5,000 for 2024
IRS Offers 1099-K Threshold Transition Relief :-Form 1099-K is a tax form that the IRS uses to report payments made through a third-party platform. It was set at a reporting threshold of twenty thousand dollars in gross payments and two hundred transactions in a calendar year. The American Rescue Plan Act, however, has revisited this … Read more