On Tuesday, November 21, 2023, the IRS opted to forego the $600 threshold for issuing Forms 1099-K for business transactions conducted via Venmo, CashApp, etc., opting to implement the forms for transactions exceeding $5,000.
Licensed to Practice in Arkansas, Georgia, Mississippi and Tennessee
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Flowood, MS 39232
Tel: (601) 981-6336
BILOXI
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Biloxi, Mississippi 39530
Tel: (228) 868-0197