How the American Rescue Plan Affects Form 1099-K | Business Accountant
The American Rescue Plan is changing is the Form 1099-K reporting threshold for third-party settlement organizations. Read our latest blog to learn more!
mksh.com
Short version
No longer will over $20,000 and 200 transactions get you a 1099k.
It's now total transactions over $600 combined and any transaction number.