The New IRS Rule That Could Cost Your Business THOUSANDS
Small Business Tax Savings Podcast - A podcast by Mike Jesowshek, CPA - Wednesdays
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Send us a text Are you prepared for the IRS’s new 1099-K reporting rules and how they could impact your business's bottom line? In this episode, Mike Jesowshek discusses the significant changes to the IRS 1099-K rule and its potential impact on small businesses, freelancers, and online sellers. The rule, initially requiring payment processors to report income over $20,000, is being gradually lowered to $600 by 2026. Mike explains how this rule aims to address underreported income and outlin...
