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1099 Int Becu  Form

1099 Int Becu Form

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Instructions and help about 1099 Int Becu

right Christmas came early this year guys the iris just announced today on the 23rd of December 2022 that the IRS is delaying implementation of the 600 reporting threshold for third-party payment platforms for 10.99 we're talking venmo PayPal cash app Etc they're not required to file a 1099 if you ran over 600 through there for the 2022 calendar year the iris is calling 2022 is a transitionary period here now 2023 these platforms will be required to file 1099s if you had over 600 of payments ran through those platforms one thing to note is the existing requirement for the twenty thousand dollars in payments or over 200 transactions is still in effect for 2022. merry Christmas everybody

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