Tax blog
The $600 Threshold for 1099-K Reporting, according to the AICPA, is too little and out-of-date
The $600 threshold was established by Internal Revenue Code Section 6041 in 1954, and it does not take inflation into consideration. The American Institute of CPAs expressed serious concerns about the Form 1099-K, Payment Card and Third Party Network Transactions,
December 23, 2022
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