1099K Explosion!
Recording and presentation materials from Education Forum hosted in October of 2024.
On November 7th, we hosted a 2-hour virtual event, where Amy Wall presented 1099K Explosion! A special thanks to everyone that joined us live!
With the reduced filing requirement for the filing of Form 1099-K effective for Tax Year 2024, you should expect to see many more Forms 1099-K than ever before. Taxpayers may receive 1099-Ks not just for their trade or business, but also for hobby income, one-off activities such as the sale of personal items online, and possibly for purely personal expenses as well. Tax professionals will need to understand how to report the various types of income reported, as well as how to make adjustments on the tax return to ensure income is properly recorded and satisfy IRS matching software requirements.
What’s Included:
- Video recording from September Education Forum.
- PowerPoint used by presenter.
- Additional Tools.
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