Postponed introduction of 1099-K for $600 threshold

On Friday, 12/23/22, the Internal Revenue Service postponed the introduction of a $600 threshold for filing a Form 1099-K, to report on transactions involving services such as: eBay, PayPal, Venmo, Etsy and third-party settlement organizations, which was scheduled to take effect in the New Year and generate millions of new forms going out to unsuspecting taxpayers and their accountants.