Not only will the payment settlement entities need to be aware of the requirements for issuing Form 1099-K, the recipients of such forms need to be aware of their reporting responsibilities.

The new — and significantly lower — filing threshold for 1099-Ks promulgated by the American Rescue Plan Act of 2021 could have been effective at the beginning of 2023, but was delayed a year by ...

Venmo, PayPal and other payment apps won’t be required to send 1099-K forms to anyone who earned at least $600 in 2022, the IRS said.

As a result of the American Rescue Plan Act of 2021, effective for Tax Returns for the Calendar year 2022, small business that accept payment cards as a form of payment will receive a Form 1099-K ...

The IRS again delays law that would have required Ticketmaster, Venmo, and others to issue 1099-Ks to those with more than $600 in revenue in 2023.

Section 9674 of the law, about 1099-K filing thresholds, went into effect on December 31st, 2021. It’ll impact third-party network transactions on platforms like PayPal, Etsy, and Venmo.

Venmo, PayPal and other payment apps won’t be required to send 1099-K forms to anyone who earned at least $600 in 2022, the IRS said.

Venmo, PayPal and other payment apps won’t be required to send 1099-K forms to anyone who earned at least $600 in 2022, the IRS said.

Venmo, PayPal and other payment apps won’t be required to send 1099-K forms to anyone who earned at least $600 in 2022, the IRS said.

Venmo, PayPal and other payment apps won’t be required to send 1099-K forms to anyone who earned at least $600 in 2022, the IRS said.

Venmo, PayPal and other payment apps won’t be required to send 1099-K forms to anyone who earned at least $600 in 2022, the IRS said.