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IRS Delays Implementatiion of Form 1099-K for E-Commerce Platforms by One Year - WSJ (2023 Update)

The Internal Revenue Service on Friday gave millions of Americans a one-year reprieve on new tax-reporting requirements, delaying implementation of a law that requires e-commerce platforms such as eBay, Etsy and Airbnb to give the tax agency information on users with more than $600 in revenue.

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Reply to
Victor Roberts
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I don't have a subscription to be able to read that.

Here's the IRS news release:

IRS announces delay for implementation of $600 reporting threshold for third-party payment platforms' Forms 1099-K

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and Notice 2023-10 Revised Timeline Regarding Implementation of Amended Section 6050W(e)
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Reply to
Adam H. Kerman

Reply to
Richard Di Bernardo, CPA

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