What is a 1099-K Form Used For? Understanding Its Purpose and Impact

LT11 Notice

Latest Facts and News The IRS has delayed the new $600 reporting threshold for Form 1099-K to the 2024 tax year. For the 2023 tax year, the previous threshold of $20,000 and 200 transactions still applies. Some states have already implemented lower reporting thresholds, as low as $600. For many self-employed individuals, small business owners, […]

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Joe has 30+ years as a Certified Public Accountant licensed in the State of Texas and solving IRS problems. Current member with the American Institute of Certified Public Accountants (AICPA), Texas Society of CPA’s (TSCPA), National Society of Accountants (NSA), Bachelor’s degree in accounting (BBA), Master’s degree in Business Administration (MBA) at Texas A&M Corpus Christi. Experience in a variety of industries as Controller, CFO and tax resolution issues for both business and personal tax cases. 

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