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IRS delays rule change for people who get paid on Venmo, Etsy and other apps

Por: ABC7 World December 26, 2022

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. To help smooth the transition and ensure clarity for taxpayers, tax professionals and industry, the IRS will delay implementation of the 1099-K changes. The additional time will help reduce confusion during the upcoming 2023 tax filing season and provide more time for taxpayers to prepare and understand the new reporting requirements.The IRS also noted that the existing 1099-K reporting threshold of $20,000 in payments from over 200... + full article



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