IRS Tax Tip 2024-20: Watch this free webinar on 2023 Form 1099-K rules

IRS Tax Tips March 25, 2024
Useful Links: IRS.gov Help For Hurricane Victims News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Media Contacts Facts & Figures Around The Nation e-News Subscriptions The Newsroom Topics Multimedia Center Noticias en Español Radio PSAs Tax Scams/Consumer Alerts The Tax Gap Fact Sheets IRS Tax Tips Armed Forces Latest News IRS Resources Contact Your Local IRS Office Filing Your Taxes Forms & Instructions Frequently Asked Questions Taxpayer Advocate Service Where to File IRS Social Media	Issue Number:  IRS Tax Tip 2024-20 Watch this free webinar on 2023 Form 1099-K rules People can now access a free recording of the 2023 Form 1099-K webinar. This webinar has important info for tax professionals and for anyone who receives a Form 1099-K, including people who use popular payment apps and online marketplaces. The webinar covers: Friends and family transactions. How to report 1099-K amounts on a 2023 tax return. What to do if a 1099-K is incorrect. Recordkeeping. IRS resources. The webinar recording also includes the live question and answer session. It's closed-captioned, and a full transcript is also available. Form 1099-K reporting requirements On Nov. 21, 2023, the IRS announced that in general, reporting requirements for Form 1099-K will remain the same for 2023, which require the reporting of payments over $20,000 with over 200 transactions. The IRS also announced it's planning for a $5,000 reporting threshold in 2024. To register for other upcoming webinars or for more information, visit the Webinars for Tax Practitioners page on IRS.gov. People can also find other helpful videos at irsvideos.gov. More information Recordkeeping Gig Economy Tax Center Back to top           Thank you for subscribing to IRS Tax Tips, an IRS e-mail service. For more information on federal taxes please visit IRS.gov. This message was distributed automatically from the IRS Tax Tips mailing list. Please Do Not Reply To This Message.

 

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