Congress has passed a bill this week to fund the U.S. government for the 2023 fiscal year that includes provisions known as “Secure 2.0.” The president is expected to sign it soon. Secure 2.0 makes changes to the retirement system that build upon those in the Secure Act of 2019. Notable retirement provisions in theRead more about President to Sign Legislation with New Retirement Provisions[…]
Month: December 2022
IRS announces delay for implementation of $600 reporting threshold for third-party payment platforms’ Forms 1099-K
IR-2022-226, December 23, 2022 WASHINGTON — The Internal Revenue Service today announced a delay in reporting thresholds for third-party settlement organizations set to take effect for the upcoming tax filing season. As a result of this delay, third-party settlement organizations will not be required to report tax year 2022 transactions on a Form 1099-K toRead more about IRS announces delay for implementation of $600 reporting threshold for third-party payment platforms’ Forms 1099-K[…]