Form 1099-MISC (for payments not covered by other 1099 forms), and Form 1099-NEC (for nonemployee compensation) have been ...

The statute lowered the minimum reporting threshold from $20,000 to $600 with no minimum transaction threshold per payee, but this law change has been delayed several times by the Internal Revenue ...

The IRS announced the reporting threshold for the 1099-K form will drop from $20,000 to $5,000, plummeting each year until $600. As Kiplinger has reported, the new IRS 1099-K reporting change was ...

The order requires MSBs in 30 ZIP codes in California and Texas to file a currency transaction report (CTR) with the Treasury for any transaction of $200 or more. The current threshold for filing a ...

As a result, third-party settlement organizations were not required to report tax year 2023 transactions on Form 1099-K to the IRS or the payee for the lower $600 threshold amount—the existing ...

The IRS again delayed the effective date of the $600 threshold for Form 1099-K reporting for third-party settlement organizations and will treat 2023 as another transition year, the Service said ...