New 1099 Reporting Rules Won't Go in Effect in 2023, IRS Says
The Motley Fool
NOVEMBER 22, 2023
Image source: Getty Images Many people are in the habit of using payment platforms like Venmo for personal or small business use. These platforms make it easy for independent contractors and individuals to get paid. The IRS wants to crack down on third-party payment reporting and was initially planning to require these platforms to issue a 1099 form to anyone who received more than $600 in payments in 2023.
Let's personalize your content