Rep. Pappas: IRS Pauses Onerous Tax Requirements Following Pappas Advocacy
December 24, 2022
December 24, 2022
WASHINGTON, Dec. 24 -- Rep. Chris Pappas, D-New Hampshire, issued the following news release on Dec. 23, 2022:
Following bipartisan advocacy led by Congressman Chris Pappas (NH-01), the IRS announced that it would be delaying the implementation of its new $600 reporting threshold for online platforms and third-party payment networks including Venmo, PayPal, Etsy, and eBay.
Previously these platforms only had to send 1099-K reporting forms to users and the IRS, if users . . .
Following bipartisan advocacy led by Congressman Chris Pappas (NH-01), the IRS announced that it would be delaying the implementation of its new $600 reporting threshold for online platforms and third-party payment networks including Venmo, PayPal, Etsy, and eBay.
Previously these platforms only had to send 1099-K reporting forms to users and the IRS, if users . . .