From Taylor Swift Tickets To Etsy Sales, IRS Clarifies When You Might See Form 1099-K

IRS Revises Documentation as Form 1099-K Threshold Reverts to $20,000

The IRS issued a fact sheet on Oct. 23, announcing changes made to the FAQ section in Form 1099-K based on amendments made under the One Big Beautiful Bill Act, the agency said in a statement released on Thursday. Form 1099-K is applicable to individuals who engage in gig work or casually sell goods online. Third-party settlement organizations (TPSOs), including online marketplaces such as Amazon and eBay, and payment apps like PayPal and Venmo,…

From Taylor Swift Tickets To Etsy Sales, IRS Clarifies When You Might See Form 1099-K

Form 1099-K is used to report payments received for goods or services processed through payment apps, online marketplaces, and credit cards.

IRS Issues New FAQs on $20,000 Form 1099-K Threshold Under OBBBA

The Republican tax-and-spending law reverts the threshold for online sales reporting to $20,000 and 200 transactions per year, as it was before 2021. The provision is applied retroactively to the 2022 tax year.

IRS issues FAQs on Form 1099-K threshold under the One, Big, Beautiful Bill; dollar limit reverts to $20,000 - UCBJ - Upper Cumberland Business Journal

Third-party settlement organizations are not required to file Forms 1099-K The Internal Revenue Service today issued frequently asked questions in Fact Sheet 2025-08 regarding the dollar threshold for filing Form 1099-K under the One, Big, Beautiful Bill. The OBBB retroactively reinstated the reporting threshold in effect before the passage of the American Rescue Plan Act of 2021 […]

IRS issues FAQs on Form 1099-K threshold under the One, Big, Beautiful Bill

The Internal Revenue Service today issued frequently asked questions in Fact Sheet 2025-08 regarding the dollar threshold for filing Form 1099-K under the One, Big, Beautiful Bill. The OBBB retroactively reinstated the reporting threshold in effect prior to the passage of the American Rescue Plan Act of 2021 (ARPA) so that third party settlement organizations...