Be Wary of a Few Technical Traps that can Turn Your QSBS Company into a Nonqualified Company

Your business is doing well, acquisition discussions are starting with potential buyers and you have met what you think qualifies your Company for QSBS treatment (also referred to as 1202…

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Read more about the article 1099-K Reporting Threshold for Third-Party Platform Payments Delayed
Closeup of Form 1099-K, Payment Card and Third Party Network Transactions, an IRS information return used to report certain payment transactions to improve voluntary tax compliance.

1099-K Reporting Threshold for Third-Party Platform Payments Delayed

The IRS has delayed the new $600 Form 1099-K reporting threshold for third-party settlement organizations for calendar year 2023. Reporting will not be required for 2023 unless the taxpayer receives…

Continue Reading1099-K Reporting Threshold for Third-Party Platform Payments Delayed