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How To Help Your Clients Understand Their 1099-K and Its Everchanging Threshholds

Although there have not been many ta law changes this year, one tax policy change being implemented this year is sure to cause confusion for a plethora of our clients. That change is the new reporting requirements for the 1099- K. CPA firms are already beginning to get calls from clients about these information reporting forms. If you are a tax preparer, you will no doubt have to help your clients sort through the tax consequences of this form if they use third parties such as PayPal, Venmo and many others for day-to-day cash transactions [...]

Identiferoai:union.ndltd.org:ETSU/oai:dc.etsu.edu:etsu-works-2-2017
Date01 February 2024
CreatorsFollis, Shelby, Freeman, Michelle S.
PublisherDigital Commons @ East Tennessee State University
Source SetsEast Tennessee State University
Detected LanguageEnglish
Typetext
Formatapplication/pdf
SourceETSU Faculty Works

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