It's no wonder we have no idea what's going on. They keep changing the 1099-K threshold regulations only to later kick the can down the road. In this video I explain how to deal with all that commotion.
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TIMESTAMPS
0:00 - Introduction & Common Misconception About 1099
0:13 - Host Introduction
0:21 - Hype Around 1099-K & IRS Targeting
1:11 - Explanation of 1099 Forms
1:25 - How the IRS Tracks Income
2:12 - Misconceptions About 1099-K Thresholds
2:30 - Changing Thresholds and Reporting Confusion
3:08 - Importance of Reporting Income
3:56 - Handling IRS Letters
4:42 - Filing Amended Tax Returns
5:06 - State-Level 1099-K Requirements
5:17 - Conclusion & Call to Action
5:39 - Outro & Social Media Plug
20 авг 2024