{"id":27590,"date":"2023-01-04T08:00:00","date_gmt":"2023-01-04T14:00:00","guid":{"rendered":"https:\/\/taxprocenter.proconnect.intuit.com\/?p=27590"},"modified":"2023-01-03T10:00:37","modified_gmt":"2023-01-03T16:00:37","slug":"1099-k-form-reporting-impact-on-venmo-and-paypal","status":"publish","type":"post","link":"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/1099-k-form-reporting-impact-on-venmo-and-paypal\/","title":{"rendered":"1099-K form reporting: Impact on Venmo and PayPal"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">In late December 2022, the <a href=\"https:\/\/www.irs.gov\/newsroom\/irs-announces-delay-for-implementation-of-600-reporting-threshold-for-third-party-payment-platforms-forms-1099-k\" target=\"_blank\" rel=\"noreferrer noopener\" target=\"_blank\">IRS announced a delay<\/a> in reporting thresholds for third-party settlement organizations (TPSOs) set to take effect for tax year 2022. As a result of this delay, TPSOs will <em>not<\/em> be required to report tax year 2022 transactions on a Form 1099-K to the IRS or the payee for the lower $600 threshold amount enacted as part of the American Rescue Plan of 2021.\u00a0Well-known third-party settlement organizations (TPSOs) include Venmo, PayPal and CashApp.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">What does this mean for your clients? According to the IRS, for tax year 2022, the existing 1099-K reporting threshold of $20,000 in payments from over 200 transactions will remain in effect. The IRS guidance outlining that calendar year 2022 will be a transition period for implementation of the lowered threshold reporting for TPSOs that would have generated Form 1099-Ks for taxpayers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The <a href=\"https:\/\/taxprocenter.proconnect.intuit.com\/tax-law-and-news\/american-rescue-plan-impact-for-tax-year-2022\/\" target=\"_blank\" rel=\"noreferrer noopener\">American Rescue Plan of 2021<\/a> changed third-party payment processors&#8217; reporting requirements to payments processed exceeding $600, down considerably from the original more than 200 transactions per year and\u00a0exceeding an aggregate amount of $20,000 reporting requirement.\u00a0 This meant your clients would receive a Form 1099-K for payments processed for goods and services that exceed $600.\u00a0The law is not intended to track personal transactions, such as sharing the cost of a car ride or meal, birthday or holiday gifts, or paying a family member or another for a household bill.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Under the law, beginning Jan. 1, 2023, a TPSO is required to report third-party network transactions paid in 2022 with any participating payee that exceed a minimum threshold of $600 in aggregate payments, regardless of the number of transactions. TPSOs report these transactions by providing individual payee\u2019s an IRS\u00a0<a href=\"https:\/\/www.irs.gov\/businesses\/understanding-your-form-1099-k\" target=\"_blank\" rel=\"noreferrer noopener\" target=\"_blank\">Form 1099-K<\/a>, <em>Payment Card and Third-Party Network Transactions<\/em>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The transition period announced delays the reporting of transactions in excess of $600 to transactions that occur after calendar year 2022. The IRS will issue Form 1099-K to taxpayers who have $20,000 in payments from more than 200 transactions processed in tax year 2022. The transition period is intended to facilitate an orderly transition for TPSO tax compliance, as well as individual payee compliance with income tax reporting. A participating payee, in the case of a third-party network transaction, is any person who accepts payment from a third-party settlement organization for a business transaction.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Additional details on the delay will be available in the near future, along with additional information to help taxpayers and the industry. For taxpayers who may have already received a 1099-K as a result of the statutory changes, the IRS is working rapidly to provide instructions and clarity so that ou and your clients will understand what to do.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In late December 2022, the IRS announced a delay in reporting thresholds for third-party settlement organizations (TPSOs) set to take effect for tax year 2022. As a result of this delay, TPSOs will not be required to report tax year 2022 transactions on a Form 1099-K to the IRS or the payee for the lower<\/p>\n","protected":false},"author":144648993,"featured_media":27592,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rkv_reviewed_by_select":[],"rkv_browse_by_id":0,"rkv_cta_id":0,"rkv_optimize_for_pagespeed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"useModifiedDate":false,"customPublishDate":"","customModifiedDate":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"{title}\n\n{excerpt}\n\n{url}","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[509474089],"tags":[],"intuit_collection":[],"intuit_series":[],"coauthors":[646041884],"class_list":["post-27590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax-law-and-news"],"header_image":"","yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.6 (Yoast SEO v28.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>1099-K form reporting: Impact on Venmo and PayPal - Tax Pro Center | Intuit<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/accountants.intuit.com\/taxprocenter\/self-employed\/1099k-venmo-paypal-payments-52058\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"1099-K form reporting: Impact on Venmo and PayPal - Tax Pro Center | Intuit\" \/>\n<meta property=\"og:description\" content=\"In late December 2022, the IRS announced a delay in reporting thresholds for third-party settlement organizations (TPSOs) set to take effect for tax year 2022. As a result of this delay, TPSOs will not be required to report tax year 2022 transactions on a Form 1099-K to the IRS or the payee for the lower\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.turbotax.intuit.com\/self-employed\/1099k-venmo-paypal-payments-52058\/\" \/>\n<meta property=\"og:site_name\" content=\"Tax Pro Center | Intuit\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/IntuitAccountants\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-04T14:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/01\/Online-Payments.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1440\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Katharina Reekmans, EA\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@IntuitAccts\" \/>\n<meta name=\"twitter:site\" content=\"@IntuitAccts\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Katharina Reekmans, EA\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/self-employed\\\/1099k-venmo-paypal-payments-52058\\\/\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/tax-law-and-news\\\/1099-k-form-reporting-impact-on-venmo-and-paypal\\\/\"},\"author\":{\"name\":\"Scott Cytron\",\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#\\\/schema\\\/person\\\/9b117b8074d84a9ab454ca63bac2f5db\"},\"headline\":\"1099-K form reporting: Impact on Venmo and PayPal\",\"datePublished\":\"2023-01-04T14:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/tax-law-and-news\\\/1099-k-form-reporting-impact-on-venmo-and-paypal\\\/\"},\"wordCount\":427,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/self-employed\\\/1099k-venmo-paypal-payments-52058\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/Online-Payments.jpg\",\"articleSection\":[\"Tax Law and News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/self-employed\\\/1099k-venmo-paypal-payments-52058\\\/\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/tax-law-and-news\\\/1099-k-form-reporting-impact-on-venmo-and-paypal\\\/\",\"url\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/self-employed\\\/1099k-venmo-paypal-payments-52058\\\/\",\"name\":\"1099-K form reporting: Impact on Venmo and PayPal - Tax Pro Center | Intuit\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/self-employed\\\/1099k-venmo-paypal-payments-52058\\\/\"},\"image\":{\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/self-employed\\\/1099k-venmo-paypal-payments-52058\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/Online-Payments.jpg\",\"datePublished\":\"2023-01-04T14:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/self-employed\\\/1099k-venmo-paypal-payments-52058\\\/\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/self-employed\\\/1099k-venmo-paypal-payments-52058\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/self-employed\\\/1099k-venmo-paypal-payments-52058\\\/\",\"url\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/Online-Payments.jpg\",\"contentUrl\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/Online-Payments.jpg\",\"width\":1440,\"height\":600,\"caption\":\"Online Payments\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/self-employed\\\/1099k-venmo-paypal-payments-52058\\\/\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"1099-K form reporting: Impact on Venmo and PayPal\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#website\",\"url\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/\",\"name\":\"Tax Pro Center | Intuit\",\"description\":\"Tax Pro Center\",\"publisher\":{\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#organization\",\"name\":\"Tax Pro Center | Intuit\",\"url\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Tax_Pro_Center_Logo_Final_large.webp\",\"contentUrl\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/wp-content\\\/uploads\\\/2022\\\/10\\\/Tax_Pro_Center_Logo_Final_large.webp\",\"width\":872,\"height\":160,\"caption\":\"Tax Pro Center | Intuit\"},\"image\":{\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/IntuitAccountants\",\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/IntuitAccts\",\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/intuitaccountants\\\/?hl=en\",\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/company\\\/intuit-accountants\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/#\\\/schema\\\/person\\\/9b117b8074d84a9ab454ca63bac2f5db\",\"name\":\"Scott Cytron\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/avatar\\\/6ca7ccdd7206bb0f92898c8cb77b573124ed955feb09cd4cb01305e52ee0f234?s=96&d=identicon&r=g\",\"url\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/avatar\\\/6ca7ccdd7206bb0f92898c8cb77b573124ed955feb09cd4cb01305e52ee0f234?s=96&d=identicon&r=g\",\"contentUrl\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/avatar\\\/6ca7ccdd7206bb0f92898c8cb77b573124ed955feb09cd4cb01305e52ee0f234?s=96&d=identicon&r=g\",\"caption\":\"Scott Cytron\"},\"description\":\"Scott H. Cytron, ABC, is editor of several Intuit blogs, including the Firm of the Future, the QuickBooks blog, and the Tax Pro Center. He is president of Cytron and Company, known for helping companies and organizations improve their bottom line through strategic public relations, communications, marketing programs and top-notch client service. An accredited consultant, Scott works with companies, organizations and individuals in professional services (medical, legal, accounting, engineering), high-tech and B2B\\\/B2C product\\\/service sales.\",\"url\":\"https:\\\/\\\/accountants.intuit.com\\\/taxprocenter\\\/author\\\/scytron1\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"1099-K form reporting: Impact on Venmo and PayPal - Tax Pro Center | Intuit","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/accountants.intuit.com\/taxprocenter\/self-employed\/1099k-venmo-paypal-payments-52058\/","og_locale":"en_US","og_type":"article","og_title":"1099-K form reporting: Impact on Venmo and PayPal - Tax Pro Center | Intuit","og_description":"In late December 2022, the IRS announced a delay in reporting thresholds for third-party settlement organizations (TPSOs) set to take effect for tax year 2022. As a result of this delay, TPSOs will not be required to report tax year 2022 transactions on a Form 1099-K to the IRS or the payee for the lower","og_url":"https:\/\/blog.turbotax.intuit.com\/self-employed\/1099k-venmo-paypal-payments-52058\/","og_site_name":"Tax Pro Center | Intuit","article_publisher":"https:\/\/www.facebook.com\/IntuitAccountants","article_published_time":"2023-01-04T14:00:00+00:00","og_image":[{"width":1440,"height":600,"url":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/01\/Online-Payments.jpg","type":"image\/jpeg"}],"author":"Katharina Reekmans, EA","twitter_card":"summary_large_image","twitter_creator":"@IntuitAccts","twitter_site":"@IntuitAccts","twitter_misc":{"Written by":"Katharina Reekmans, EA","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/accountants.intuit.com\/taxprocenter\/self-employed\/1099k-venmo-paypal-payments-52058\/","isPartOf":{"@id":"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/1099-k-form-reporting-impact-on-venmo-and-paypal\/"},"author":{"name":"Scott Cytron","@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#\/schema\/person\/9b117b8074d84a9ab454ca63bac2f5db"},"headline":"1099-K form reporting: Impact on Venmo and PayPal","datePublished":"2023-01-04T14:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/1099-k-form-reporting-impact-on-venmo-and-paypal\/"},"wordCount":427,"commentCount":0,"publisher":{"@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#organization"},"image":{"@id":"https:\/\/accountants.intuit.com\/taxprocenter\/self-employed\/1099k-venmo-paypal-payments-52058\/"},"thumbnailUrl":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-content\/uploads\/2023\/01\/Online-Payments.jpg","articleSection":["Tax Law and News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/accountants.intuit.com\/taxprocenter\/self-employed\/1099k-venmo-paypal-payments-52058\/"]}]},{"@type":"WebPage","@id":"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/1099-k-form-reporting-impact-on-venmo-and-paypal\/","url":"https:\/\/accountants.intuit.com\/taxprocenter\/self-employed\/1099k-venmo-paypal-payments-52058\/","name":"1099-K form reporting: Impact on Venmo and PayPal - Tax Pro Center | Intuit","isPartOf":{"@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#website"},"primaryImageOfPage":{"@id":"https:\/\/accountants.intuit.com\/taxprocenter\/self-employed\/1099k-venmo-paypal-payments-52058\/"},"image":{"@id":"https:\/\/accountants.intuit.com\/taxprocenter\/self-employed\/1099k-venmo-paypal-payments-52058\/"},"thumbnailUrl":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-content\/uploads\/2023\/01\/Online-Payments.jpg","datePublished":"2023-01-04T14:00:00+00:00","breadcrumb":{"@id":"https:\/\/accountants.intuit.com\/taxprocenter\/self-employed\/1099k-venmo-paypal-payments-52058\/"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/accountants.intuit.com\/taxprocenter\/self-employed\/1099k-venmo-paypal-payments-52058\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/accountants.intuit.com\/taxprocenter\/self-employed\/1099k-venmo-paypal-payments-52058\/","url":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-content\/uploads\/2023\/01\/Online-Payments.jpg","contentUrl":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-content\/uploads\/2023\/01\/Online-Payments.jpg","width":1440,"height":600,"caption":"Online Payments"},{"@type":"BreadcrumbList","@id":"https:\/\/accountants.intuit.com\/taxprocenter\/self-employed\/1099k-venmo-paypal-payments-52058\/","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/accountants.intuit.com\/taxprocenter\/"},{"@type":"ListItem","position":2,"name":"1099-K form reporting: Impact on Venmo and PayPal"}]},{"@type":"WebSite","@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#website","url":"https:\/\/accountants.intuit.com\/taxprocenter\/","name":"Tax Pro Center | Intuit","description":"Tax Pro Center","publisher":{"@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/accountants.intuit.com\/taxprocenter\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#organization","name":"Tax Pro Center | Intuit","url":"https:\/\/accountants.intuit.com\/taxprocenter\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#\/schema\/logo\/image\/","url":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-content\/uploads\/2022\/10\/Tax_Pro_Center_Logo_Final_large.webp","contentUrl":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-content\/uploads\/2022\/10\/Tax_Pro_Center_Logo_Final_large.webp","width":872,"height":160,"caption":"Tax Pro Center | Intuit"},"image":{"@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/accountants.intuit.com\/taxprocenter\/IntuitAccountants","https:\/\/accountants.intuit.com\/taxprocenter\/IntuitAccts","https:\/\/accountants.intuit.com\/taxprocenter\/intuitaccountants\/?hl=en","https:\/\/accountants.intuit.com\/taxprocenter\/company\/intuit-accountants\/"]},{"@type":"Person","@id":"https:\/\/accountants.intuit.com\/taxprocenter\/#\/schema\/person\/9b117b8074d84a9ab454ca63bac2f5db","name":"Scott Cytron","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/accountants.intuit.com\/taxprocenter\/avatar\/6ca7ccdd7206bb0f92898c8cb77b573124ed955feb09cd4cb01305e52ee0f234?s=96&d=identicon&r=g","url":"https:\/\/accountants.intuit.com\/taxprocenter\/avatar\/6ca7ccdd7206bb0f92898c8cb77b573124ed955feb09cd4cb01305e52ee0f234?s=96&d=identicon&r=g","contentUrl":"https:\/\/accountants.intuit.com\/taxprocenter\/avatar\/6ca7ccdd7206bb0f92898c8cb77b573124ed955feb09cd4cb01305e52ee0f234?s=96&d=identicon&r=g","caption":"Scott Cytron"},"description":"Scott H. Cytron, ABC, is editor of several Intuit blogs, including the Firm of the Future, the QuickBooks blog, and the Tax Pro Center. He is president of Cytron and Company, known for helping companies and organizations improve their bottom line through strategic public relations, communications, marketing programs and top-notch client service. An accredited consultant, Scott works with companies, organizations and individuals in professional services (medical, legal, accounting, engineering), high-tech and B2B\/B2C product\/service sales.","url":"https:\/\/accountants.intuit.com\/taxprocenter\/author\/scytron1\/"}]}},"jetpack_publicize_connections":[],"jetpack_shortlink":"https:\/\/wp.me\/pazjGh-7b0","jetpack-related-posts":[{"id":31740,"url":"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/key-changes-and-insights-on-form-1099-k\/","url_meta":{"origin":27590,"position":0},"title":"Key changes and insights on Form 1099-K","author":"Intuit Accountants Team","date":"December 6, 2023","format":false,"excerpt":"Get the latest information on Form 1099-K and the changes that apply to payment cards and third-party network transactions.","rel":"","context":"In &quot;Tax Law and News&quot;","block_context":{"text":"Tax Law and News","link":"https:\/\/accountants.intuit.com\/taxprocenter\/category\/tax-law-and-news\/"},"img":{"alt_text":"Key changes and insights on Form 1099-K","src":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/11\/Key-changes-and-insights-on-Form-1099-K-copy.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/11\/Key-changes-and-insights-on-Form-1099-K-copy.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/11\/Key-changes-and-insights-on-Form-1099-K-copy.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/11\/Key-changes-and-insights-on-Form-1099-K-copy.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/11\/Key-changes-and-insights-on-Form-1099-K-copy.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/11\/Key-changes-and-insights-on-Form-1099-K-copy.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":67477,"url":"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/one-big-beautiful-bill-faqs-on-form-1099-k-threshold\/","url_meta":{"origin":27590,"position":1},"title":"One Big Beautiful Bill: FAQs on Form 1099-K threshold","author":"Intuit Accountants Team","date":"October 27, 2025","format":false,"excerpt":"Get a set of frequently asked questions in\u00a0Fact Sheet 2025-08\u00a0regarding the dollar threshold for filing Form 1099-K.","rel":"","context":"In &quot;Tax Law and News&quot;","block_context":{"text":"Tax Law and News","link":"https:\/\/accountants.intuit.com\/taxprocenter\/category\/tax-law-and-news\/"},"img":{"alt_text":"Key changes and insights on Form 1099-K","src":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/11\/Key-changes-and-insights-on-Form-1099-K-copy.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/11\/Key-changes-and-insights-on-Form-1099-K-copy.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/11\/Key-changes-and-insights-on-Form-1099-K-copy.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/11\/Key-changes-and-insights-on-Form-1099-K-copy.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/11\/Key-changes-and-insights-on-Form-1099-K-copy.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/11\/Key-changes-and-insights-on-Form-1099-K-copy.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":55585,"url":"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/tax-issues-related-to-online-crowdfunding\/","url_meta":{"origin":27590,"position":2},"title":"Tax issues related to online crowdfunding","author":"Intuit Accountants Team","date":"September 18, 2024","format":false,"excerpt":"Get the ins and outs of tax reporting for crowdfunding websites, and be sure to share this with your clients who are crowdfunding.","rel":"","context":"In &quot;Tax Law and News&quot;","block_context":{"text":"Tax Law and News","link":"https:\/\/accountants.intuit.com\/taxprocenter\/category\/tax-law-and-news\/"},"img":{"alt_text":"Tax issues related to online crowdfunding","src":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2024\/09\/Tax-issues-related-to-online-crowdfunding-copy.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2024\/09\/Tax-issues-related-to-online-crowdfunding-copy.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2024\/09\/Tax-issues-related-to-online-crowdfunding-copy.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2024\/09\/Tax-issues-related-to-online-crowdfunding-copy.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2024\/09\/Tax-issues-related-to-online-crowdfunding-copy.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2024\/09\/Tax-issues-related-to-online-crowdfunding-copy.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":25857,"url":"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/american-rescue-plan-impact-for-tax-year-2022\/","url_meta":{"origin":27590,"position":3},"title":"American Rescue Plan: Impact for tax year 2022","author":"Intuit Accountants Team","date":"June 10, 2022","format":false,"excerpt":"Get an overview of the provisions in the American Rescue Plan Act for tax year 2022.","rel":"","context":"In &quot;Tax Law and News&quot;","block_context":{"text":"Tax Law and News","link":"https:\/\/accountants.intuit.com\/taxprocenter\/category\/tax-law-and-news\/"},"img":{"alt_text":"American Rescue Plan","src":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2022\/05\/American-Rescue-Plan.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2022\/05\/American-Rescue-Plan.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2022\/05\/American-Rescue-Plan.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2022\/05\/American-Rescue-Plan.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":31991,"url":"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/e-filing-mandate-for-10-info-returns-explained\/","url_meta":{"origin":27590,"position":4},"title":"E-filing mandate for 10+ info returns explained","author":"Intuit Accountants Team","date":"December 11, 2023","format":false,"excerpt":"An organization filing 10 or more returns or statements in a calendar year will be required to file electronically in 2024. Get more info on this mandate.","rel":"","context":"In &quot;Tax Law and News&quot;","block_context":{"text":"Tax Law and News","link":"https:\/\/accountants.intuit.com\/taxprocenter\/category\/tax-law-and-news\/"},"img":{"alt_text":"E-filing mandates for 2024 information returns","src":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/12\/E-filing-mandates-for-2024-information-returns-copy.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/12\/E-filing-mandates-for-2024-information-returns-copy.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/12\/E-filing-mandates-for-2024-information-returns-copy.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/12\/E-filing-mandates-for-2024-information-returns-copy.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/12\/E-filing-mandates-for-2024-information-returns-copy.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/12\/E-filing-mandates-for-2024-information-returns-copy.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":66455,"url":"https:\/\/accountants.intuit.com\/taxprocenter\/tax-law-and-news\/help-your-clients-report-proceeds-from-certain-digital-asset-transactions\/","url_meta":{"origin":27590,"position":5},"title":"Reporting the proceeds from certain digital asset transactions","author":"Intuit Accountants Team","date":"September 29, 2025","format":false,"excerpt":"Even through Form 1099-DA isn't required until February 2025, get a handle on it now and begin working with your clients on reporting issues.","rel":"","context":"In &quot;Tax Law and News&quot;","block_context":{"text":"Tax Law and News","link":"https:\/\/accountants.intuit.com\/taxprocenter\/category\/tax-law-and-news\/"},"img":{"alt_text":"Reporting the proceeds from certain digital asset transactions","src":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2025\/09\/Reporting-the-proceeds-from-certain-digital-asset-transactions-copy.jpeg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2025\/09\/Reporting-the-proceeds-from-certain-digital-asset-transactions-copy.jpeg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2025\/09\/Reporting-the-proceeds-from-certain-digital-asset-transactions-copy.jpeg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2025\/09\/Reporting-the-proceeds-from-certain-digital-asset-transactions-copy.jpeg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2025\/09\/Reporting-the-proceeds-from-certain-digital-asset-transactions-copy.jpeg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2025\/09\/Reporting-the-proceeds-from-certain-digital-asset-transactions-copy.jpeg?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/taxprocenter.proconnect.intuit.com\/wp-content\/uploads\/2023\/01\/Online-Payments.jpg","_links":{"self":[{"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/posts\/27590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/users\/144648993"}],"replies":[{"embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/comments?post=27590"}],"version-history":[{"count":5,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/posts\/27590\/revisions"}],"predecessor-version":[{"id":27598,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/posts\/27590\/revisions\/27598"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/media\/27592"}],"wp:attachment":[{"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/media?parent=27590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/categories?post=27590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/tags?post=27590"},{"taxonomy":"intuit_collection","embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/intuit_collection?post=27590"},{"taxonomy":"intuit_series","embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/intuit_series?post=27590"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/accountants.intuit.com\/taxprocenter\/wp-json\/wp\/v2\/coauthors?post=27590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}