US Internal Revenue Service tweaks tax reporting requirements. How will it impact SMEs?

By Yajush Gupta · 4 January 2022 · News

US Internal Revenue Service tweaks tax reporting requirements. How will it impact SMEs?

Full details: US Internal Revenue Service tweaks tax reporting requirements. How will it impact SMEs?

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Summary

Third-party payment networks are required to send users Form 1099-K for transactions made by mail or electronically beginning January 1, 2022.