Form 1099-K frequently asked questions (FAQs) revised

The Internal Revenue Service recently revised its frequently asked questions (FAQs) with almost 50 new or updated ones regarding Forms 1099-K, Payment Card and Third Party Network Transactions, published in fact sheet FS-2024-03. These updates supersede the FAQs published in a March 2023 fact sheet. The revised FAQs include substantial changes for both individual taxpayers and companies […]

Read More…

Join our email list.

We’ll deliver accounting insights and advice straight to your inbox.