Current Federal Tax Developments

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2022-12-27 IRS Delays Expanded Form 1099 K Reporting Requirements

This week we look at:

  • Congress passes spending bill which included SECURE 2.0 Act of 2022

  • Final Schedules K-2 and K-3 instructions issued for Form 1120S

  • IRS delays digital asset reporting until regulations are issued

  • Expanded Form 1099-K reporting delayed for one year by the IRS

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2022-12-27 IRS Delays Expanded Form 1099 K Reporting Requirements Edward K. Zollars, CPA (Kaplan Financial Education)

Articles on this week’s update can be downloaded as a PDF below:

2022-12-27 Current Federal Tax Developments