What happened to those dreaded 1099 forms we were going to receive from Paypal?


So, who received a 1099 form from Paypal that everyone was dreading and caused so many to change how they would receive payment? I'm quite curious as I didn't receive one. Didn't know what topic to use so I chose the one with most traffic.

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Showing 2 responses by superdryb20

the house of Representatives is reconsidering the $600 threshold...it's on hold at the IRS and probably won't be implemented this year if at all

"third-party settlement organizations will not be required to report tax year 2022 transactions on a Form 1099-K to the IRS or the payee for the lower, $600 threshold amount enacted as part of the American Rescue Plan of 2021. remember, let's attribute this nonsense to who was in power in 2021