New Form 1099K Reporting - Don’t Pay More Than You Have To

Simply stated, the government is working to close a tax gap which includes finding ways to ensure the working class pays for all the income received. There is a great amount of Form 1099-Ks expected to be released in January 2023. It is important to note whichever tax forms you receive (i.e., Form W2, Form 1099, etc.), the government receives as well.