Rules for When To Issue a 1099 Form to a Vendor – Updated for 2023
Nancy McClelland, LLC
DECEMBER 26, 2023
(Law firms and attorneys have so many specialized 1099 issues, they get their own blog post.) (**) There’s a lot of confusion over Venmo and PayPal, because there are personal-use “Friends & Family” versions as well as business versions of both platforms. The IRS is now planning a phase-in of $5,000 for tax year 2024.
Let's personalize your content