AICPA Supports Changing Requirements to Form 1099-K Reporting Threshold
For many months, the American Institute of CPAs (AICPA) has expressed its concerns regarding the lowered Form 1099-K reporting threshold
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Up to 45 Percent of Americans Have a Side Hustle
73% of workers with a side hustle are actively thinking about quitting their job. 60% of workers said that they would rather quit their job than return to the office five days a week.
IRS Opens Free Online Portal for Businesses to File 1099 Forms
The Information Returns Intake System is expected to reduce the amount of paper Forms 1099 filed in 2023.
IRS Says Early Tax Filers Should Wait and File Later in 2023
The word of caution from the IRS comes due to a change in how the tax agency issues 1099-Ks.