IRS Issues 1099-K Reminder


On October 24, the IRS issued a reminder to taxpayers that they may receive a Form 1099-K, Payment Card and Third-Party Network Transactions, beginning in 2023, if the taxpayer earned income in 2022 from the sale of goods and/ or providing services. (Reminder: Service providers, others may receive 1099-Ks for sales over $600 in early 2023 | Internal Revenue Service (irs.gov))

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