Duke Tax Blog

Breaking: IRS Delays Controversial New Tax Rule After Massive Backlash

Nov 21, 2023 4:21:13 PM / by Duke Alexander Moore, EA posted in IRS, 1099K


In a shocking announcement today, the IRS has decided to delay the implementation of a controversial new rule that would have required payment processors like PayPal, Venmo, and CashApp to issue 1099 tax forms for business transactions over $600. This rule was originally slated to go into effect on January 1, 2023.

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