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In a letter to congressional finance leaders, the AICPA listed increasing the threshold to $10,000 as one of its priorities.

Form 1099-K reporting requirements have created a lot of confusion, and it's understandable why. Many of those sellers haven’t received 1099-Ks before, so understanding the new rules is ...

If you receive a Form 1099-K from Ticketmaster ... So, for the 2022 and 2023 tax years, the old threshold was used. For the 2024 tax year, as noted earlier, the IRS intends to use a $5,000 ...

But in 2025, that number is expected to soar. The IRS announced the reporting threshold for the 1099-K form will drop from $20,000 to $5,000 this tax filing season, plummeting each year until $600.

New Rules for Form 1099-K For the 2023 tax year, third-party payment processors only needed to send out 1099-Ks if account holders conducted more than 200 transactions totaling at least $20,000 in ...