E. Martin Davidoff, CPA, Esq., Partner-in-Charge of the National Tax Controversy Practice for Prager Metis, recently quoted in the Forbes article: “Senate Snubs Omnibus Amendment That Would Have Raised Limit For Issuing 1099-Ks”. Under the current reporting regime, many more taxpayers who use third-party platforms to sell items online and to process credit card payments will be receiving Form 1099-K as compared to 2021. Read the full article here to find out how this affects you and what to expect next.
