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IRS delays changes to 1099 reporting threshold
Dec 10, 2023
In November 2023, the IRS announced a delay in the changes to the 1099 reporting threshold. See link. Does this apply to Redweek? Will Redweek be sending 1099's if you have less than 200 transactions for year 2023?
https://www.irs.gov/newsroom/irs-announces-2023-form-1099-k-reporting-threshold-delay-for-third-party-platform-payments-plans-for-a-5000-threshold-in-2024-to-phase-in-implementation#:~:text=What%20this%20means,to%20phase%20in%20reporting%20requirements.