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IRS: If you ever resell an item online, keep your receipt

Por: WPTV Business March 23, 2023

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The Internal Revenue Service issued updated guidance this week as online payment services such as Venmo and PayPal will send out 1099-K forms next tax season. The updated guidance comes after the IRS delayed the implementation of sending these forms to taxpayers. Originally, these forms were going to be sent out this tax season for 2022. Instead, 1099-K forms are only being sent out by electronic transaction companies if the total amount of... + full article



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