Hot Off The Press | 1099-K Threshold Delay

by RightWay | Nov 21, 2023 | IRS, Tax Law

IRS announces 1099-K Phase in…

IRS announces delay in Form 1099-K reporting threshold for third-party platform payments for 2023; plans for a threshold of $5,000 in 2024 to phase in implementation

It may not be a Christmas Miracle but this Implementation delay is something we can all share in Thanksgiving!

There has been a certain underlying anxiety in the tax space related to this reporting threshold.

We sent out a lengthy 1099-K guide a couple weeks ago … Much, if not all of which is now irrelevant.

Click Here to Read the IRS Bulletin

Full Text – IRS NOTICE 2023-72

HAPPY THANKSGIVING

Reviews

My experience with RightWay has been amazing

My experience with RightWay has been amazing. From the beginning I have always received amazing personal service. Even as they continue to grow, I do not feel like just a number.
I have referred several people to them, and they are all so very pleased with the personal service and assistance.
RightWay is not just a software company, they bring so much information and assistance to the table. They are always trying to find ways to help their clients earn more money, even after tax season.
RightWay also makes it their job to stay up to date on all of the latest technology to help your business grow. I have always felt like their main priority was making sure that I was successful. You will not find that from any other software company!!!

Keesha

Houston, TX

Service Bureau

Subscribe To Blog Updates

Like RightWay On Facebook

View On Facebook