Internal Revenue Service

IRS Tax Tip 2024-20: Watch this free webinar on 2023 Form 1099-K rules

Internal Revenue Service sent this email to their subscribers on March 25, 2024.

Bookmark and Share

IRS.gov Banner
IRS Tax Tips March 25, 2024

Useful Links:

IRS.gov

Help For Hurricane Victims


News Essentials

What's Hot

News Releases

IRS - The Basics

IRS Guidance

Media Contacts

Facts & Figures

Around The Nation

e-News Subscriptions


The Newsroom Topics

Multimedia Center

Noticias en Español

Radio PSAs

Tax Scams/Consumer Alerts

The Tax Gap

Fact Sheets

IRS Tax Tips

Armed Forces

Latest News


IRS Resources

Contact Your Local IRS Office

Filing Your Taxes

Forms & Instructions

Frequently Asked Questions

Taxpayer Advocate Service

Where to File

IRS Social Media

 


Issue Number:  IRS Tax Tip 2024-20

Watch this free webinar on 2023 Form 1099-K rules

People can now access a free recording of the 2023 Form 1099-K webinar. This webinar has important info for tax professionals and for anyone who receives a Form 1099-K, including people who use popular payment apps and online marketplaces.

The webinar covers:

  • Friends and family transactions.
  • How to report 1099-K amounts on a 2023 tax return.
  • What to do if a 1099-K is incorrect.
  • Recordkeeping.
  • IRS resources.

The webinar recording also includes the live question and answer session. It’s closed-captioned, and a full transcript is also available.

Form 1099-K reporting requirements
On Nov. 21, 2023, the IRS announced that in general, reporting requirements for Form 1099-K will remain the same for 2023, which require the reporting of payments over $20,000 with over 200 transactions. The IRS also announced it’s planning for a $5,000 reporting threshold in 2024.

To register for other upcoming webinars or for more information, visit the Webinars for Tax Practitioners page on IRS.gov. People can also find other helpful videos at irsvideos.gov.

More information
Recordkeeping

Gig Economy Tax Center

Back to top

 


FaceBook Logo  YouTube Logo  Instagram Logo  Twitter Logo  LinkedIn Logo


Thank you for subscribing to IRS Tax Tips, an IRS e-mail service. For more information on federal taxes please visit IRS.gov.

This message was distributed automatically from the IRS Tax Tips mailing list. Please Do Not Reply To This Message.

 


This email was sent to [email protected] by: Internal Revenue Service (IRS) · Internal Revenue Service · 1111 Constitution Ave. N.W. · Washington, D.C. 20535 GovDelivery logo

Text-only version of this email

Bookmark and Share IRS.gov Banner IRS Tax Tips March 25, 2024 USEFUL LINKS: IRS.gov Help For Hurricane Victims ---------------------------------------------------------------------------------------------------------------------------------- NEWS ESSENTIALS What's Hot News Releases IRS - The Basics IRS Guidance Media Contacts Facts & Figures Around The Nation e-News Subscriptions ---------------------------------------------------------------------------------------------------------------------------------- THE NEWSROOM TOPICS Multimedia Center Noticias en Español Radio PSAs Tax Scams/Consumer Alerts The Tax Gap Fact Sheets IRS Tax Tips Armed Forces Latest News ---------------------------------------------------------------------------------------------------------------------------------- IRS RESOURCES Contact Your Local IRS Office Filing Your Taxes Forms & Instructions Frequently Asked Questions Taxpayer Advocate Service Where to File IRS Social Media ---------------------------------------------------------------------------------------------------------------------------------- ISSUE NUMBER:  IRS TAX TIP 2024-20 Watch this free webinar on 2023 Form 1099-K rules People can now access a free recording of the 2023 Form 1099-K webinar. This webinar has important info for tax professionals and for anyone who receives a Form 1099-K, including people who use popular payment apps and online marketplaces. The webinar covers: * Friends and family transactions. * How to report 1099-K amounts on a 2023 tax return. * What to do if a 1099-K is incorrect. * Recordkeeping. * IRS resources. The webinar recording also includes the live question and answer session. It’s closed-captioned, and a full transcript is also available. Form 1099-K reporting requirements On Nov. 21, 2023, the IRS announced that in general, reporting requirements for Form 1099-K will remain the same for 2023, which require the reporting of payments over $20,000 with over 200 transactions. The IRS also announced it’s planning for a $5,000 reporting threshold in 2024. To register for other upcoming webinars or for more information, visit the Webinars for Tax Practitioners page on IRS.gov. People can also find other helpful videos at irsvideos.gov. More information Recordkeeping Gig Economy Tax Center Back to top ---------------------------------------------------------------------------------------------------------------------------------- FaceBook Logo  YouTube Logo  Instagram Logo  Twitter Logo  LinkedIn Logo ---------------------------------------------------------------------------------------------------------------------------------- Thank you for subscribing to IRS Tax Tips, an IRS e-mail service. For more information on federal taxes please visit IRS.gov. This message was distributed automatically from the IRS Tax Tips mailing list. Please Do Not Reply To This Message. ---------------------------------------------------------------------------------------------------------------------------------- Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your . You will need your email address to log in. If you have questions or problems with the subscription service, visit . This service is provided to you at no charge by the Internal Revenue Service (IRS). ---------------------------------------------------------------------------------------------------------------------------------- This email was sent to [email protected] by: Internal Revenue Service (IRS) · Internal Revenue Service · 1111 Constitution Ave. N.W. · Washington, D.C. 20535 GovDelivery logo
Show all

The Latest Emails Sent By Internal Revenue Service

More Emails, Deals & Coupons From Internal Revenue Service

Email Offers, Discounts & Promos From Our Top Stores