top | item 35474340 (no title) notch898a | 2 years ago That threshold has not always been there. Used to be 20k, but they had to lower it to catch the billionaires.https://www.wolterskluwer.com/en/expert-insights/irs-delays-... discuss order hn newest lilsoso|2 years ago Does this cover most payments over $600? They're now mostly all recorded? I don't understand the exceptions.So it applies to digital payment methods like Paypal, to payment networks like Western Union, but also to any credit card transaction over $600?edit: I think I was thinking of the payments in the wrong direction. The 1099-K applies primarily to the receiving party?
lilsoso|2 years ago Does this cover most payments over $600? They're now mostly all recorded? I don't understand the exceptions.So it applies to digital payment methods like Paypal, to payment networks like Western Union, but also to any credit card transaction over $600?edit: I think I was thinking of the payments in the wrong direction. The 1099-K applies primarily to the receiving party?
lilsoso|2 years ago
So it applies to digital payment methods like Paypal, to payment networks like Western Union, but also to any credit card transaction over $600?
edit: I think I was thinking of the payments in the wrong direction. The 1099-K applies primarily to the receiving party?