PART 2:
Ask your TAX PROFESSIONAL about the IRS 1099-K threshold changes for the 2025 tax year. This change, enacted by the "One, Big, Beautiful Bill," reversed earlier plans for lower thresholds, though some states have their own lower thresholds
- IRS 1099-K threshold has reverted to the original requirement: Third-Party Settlement Organizations (TPSOs) must issue Form 1099-K only if a recipient receives over $20,000 in gross payments AND more than 200 transactions for goods or services on their platform. This change, enacted by the "One, Big, Beautiful Bill," reversed earlier plans for lower thresholds, though some states have their own lower thresholds