The IRS Revises 1099(K) guidelines
Article: The IRS Revises 1099(K) Guidelines Category: 1040 Income Tax, 1099K The IRS has lowered the threshold for 1099K Payment Card and Third-Party Network Transactions These include Payment Settlement Entities like: Venmo, Paypal, CashApp, eBay, Etsy, Uber, Lyft, and Task Rabbit What does this mean? The threshold was lowered from $20,000 to $600 for reporting […]
Read MoreWhat is an 83(b) Election and what is IRC Section 409A?
Article: What is an 83(b) Election and what is IRC Section 409A? Category: 1040 Income Tax, 1099K 83(B) Election An 83(b) election is a provision in the United States tax code that allows an employee or service provider to be taxed on the fair market value of restricted stock or other equity awards at the […]
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