Almost a month after the IRS warned Americans to report transactions over $600 from 3rd party facilitators, they announced it would be delayed. IRS Delays $600 Reporting Two days before Christmas, the IRS announced that its $600 reporting threshold for third-party payments has been delayed and wouldn’t take effect during next year’s tax season. The $600 reporting threshold became law in the American Rescue Plan of … Continue reading IRS Delays $600 Reporting For Third-Party Payments