Do 1099-K Threshold Changes Affect Your Small Business?
Many people are concerned about confusing new IRS regulations regarding Form 1099-K requirements. Here’s what your small business needs to know. Beginning in 2022, the IRS has lowered the threshold for reporting what are broadly called “third-party payment settlement entities” on Form 1099-K. It was a steep drop — from $20,000 all the way down […]