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Online Payment

IRS Postpones Online Payment Reporting Requirement of $600 Once More

Alejandro Villamor Nov 22, 2023

The IRS delayed implementing a 2021 law mandating payment platforms like Venmo, Paypal, and Cash App to issue tax forms (1099-Ks) for individuals receiving over $600 in the present tax year. This represents the second year in a row that…

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