IRS Announces Another Reporting Change For PayPal, eBay, And Cash Apps

By Forbes | 3 months ago

The IRS has delayed the new $600 Form 1099-K reporting threshold for third-party settlement organizations until 2026. Taxpayers will now only receive Form 1099-K if they receive over $5,000 in 2024, gradually decreasing to $600 by 2026.

Did you find this insightful?