Biden IRS cracking down on small-business and individual scofflaws. If you voted for Democrats, this is what you voted for.

IRS warns taxpayers about new $600 threshold for third-party payment reporting

    • The IRS on Tuesday warned taxpayers about the new $600 threshold for receiving Form 1099-K for third-party payments.
    • The change applies to payments from third-party networks, such as Venmo or PayPal, for transactions such as part-time work, side jobs or selling goods.
    • “It’s going to be a new form for a lot of people,” said Adam Markowitz, vice president at Howard L Markowitz PA, CPA.
Doug Santo