IRS Again Delays Onerous Tax Requirements Following Pappas Advocacy
November 21, 2023
November 21, 2023
WASHINGTON, Nov. 21 -- Rep. Chris Pappas, D-New Hampshire, issued the following news release:
Today, following bipartisan advocacy led by Congressman Chris Pappas (NH-01), the IRS announced that it would once again delay implementation of its Form 1099-K reporting threshold for third-party platform payments for the 2023 tax year, and use a threshold of $5,000 for reporting for the 2024 tax year.
Millions of Americans sell goods online to supplement their income, clean o . . .
Today, following bipartisan advocacy led by Congressman Chris Pappas (NH-01), the IRS announced that it would once again delay implementation of its Form 1099-K reporting threshold for third-party platform payments for the 2023 tax year, and use a threshold of $5,000 for reporting for the 2024 tax year.
Millions of Americans sell goods online to supplement their income, clean o . . .