IRS provides transition relief for third-party settlement organizations; Form 1099-K threshold is $5,000 for calendar year 2024 | Internal Revenue Service IR-2024-299, Nov. 26, 2024 — The Internal Revenue Service today issued Notice 2024-85 providing transition relief for third-party settlement organizations (TPSOs), also known as payment apps and onlin...

This is basically a testing because of a new administration . It's going to change provably in the main stream. Looking into the financial scheme things are going to move rapidly.

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www.irs.gov/newsroom/irs...