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IRS Issues 1099-K Reminder

IRS Issues 1099-K Reminder

On October 24, the IRS issued a reminder to taxpayers that they may receive a Form 1099-K, Payment Card and Third-Party Network Transactions, beginning in 2023, if the taxpayer earned income in 2022 from the sale of goods and/ or providing services. (Reminder: Service providers, others may receive 1099-Ks for sales over $600 in early 2023 | Internal Revenue Service (irs.gov))

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IRS Issues 1099-K Reminder

This document contains general information only and is not a substitute for accounting, tax, or any other professional advice or services. The information provided is considered accurate at the time of publishing and will not be updated with new regulation requirements.

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