
Peer-to-Peer Payments and 1099k Tax Reporting Changes
The IRS announced that the minimum reporting threshold would drop from $20,000 in payments (or 200 transactions) to just $600 as of the 2022 tax year.

The IRS announced that the minimum reporting threshold would drop from $20,000 in payments (or 200 transactions) to just $600 as of the 2022 tax year.




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