Third-party payment processors will now be required to report a user’s business transactions to the IRS if they exceed $600 for the year. In an explainer posted online last month, the IRS warned small business owners about the $600 threshold for receiving Form 1099-K for third-party payments exceeding $600. That’s because, beginning next year, taxpayers must report to the IRS transactions of at least $600 that are received through payment apps like Venmo, PayPal and Cash App. Orlando airport asks airlines to carry extra fuel to avoid potential disruptions after weather delays deliveryĪmericans who made money online this year could be in for a potentially brutal shock when they file their taxes in 2023. What gives?ĭespite cooling US housing market, Florida still top spot for Americans looking to move: study US worker productivity has tanked this year.
0 Comments
Leave a Reply. |