IRS to delay $600 payment platform reporting threshold, calls 2022 “transition period”

IRS to delay $600 payment platform reporting threshold, calls 2022 “transition period”


TheBlock
2022-12-23 19:46:58
IRS to delay $600 payment platform reporting threshold, calls 2022 “transition period”

Reporting requirements for third-party business transactions over $600, enacted by the American Recovery Act of 2021, have been delayed until 2023.

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