Manchin Statement on IRS Delay of Small Business Reporting Requirement
November 21, 2023
November 21, 2023
WASHINGTON, Nov. 21 -- Sen. Joe Manchin, D-West Virginia, issued the following news release:
Charleston, WV - Today, U.S. Senator Joe Manchin (D-WV) released the following statement on the decision by the Internal Revenue Service (IRS) to delay the new $600 Form 1099-K reporting threshold requirement for third-party payment organizations for tax year 2023 and instead use a phased-in approach. The phased-in approach will allow the agency to review its operational processes to better . . .
Charleston, WV - Today, U.S. Senator Joe Manchin (D-WV) released the following statement on the decision by the Internal Revenue Service (IRS) to delay the new $600 Form 1099-K reporting threshold requirement for third-party payment organizations for tax year 2023 and instead use a phased-in approach. The phased-in approach will allow the agency to review its operational processes to better . . .