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The IRS will have much less of a view into how much income small businesses and independent contractors make because there ...
The 'One Big Beautiful Bill Act' (OBBBA), signed by President Trump on July 4, 2025, introduces a groundbreaking change for ...
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1099-K Reporting Changes Proposed for 2025 - MSNThe IRS announced the reporting threshold for the 1099-K form will drop from $20,000 to $5,000, plummeting each year until $600. As Kiplinger has reported, the new IRS 1099-K reporting change was ...
K1x Launches Aggregator Plus™, Adding 1099 Data Extraction to Its AI-Powered Tax Automation Platform
With the addition of 1099 automation, K1x further strengthens its position as the leading tax compliance automation platform. The company's solutions are already used by over 8,000 organizations, ...
Clear Start Tax Warns: IRS Targets Digital Payments and 1099-K Filers in 2025 Crackdown ACCESS Newswire. Updated June 9, 2025 8:19 AM.
Under updated IRS rules, third-party payment processors must now issue a 1099-K for total transactions exceeding $600 annually – a steep drop from the previous $20,000 threshold.
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