{"id":702,"date":"2024-12-24T06:39:32","date_gmt":"2024-12-24T06:39:32","guid":{"rendered":"https:\/\/sbataxconsultants.com\/blog\/?p=702"},"modified":"2024-12-24T07:13:01","modified_gmt":"2024-12-24T07:13:01","slug":"irs-announces-updates-to-form-1099-k-for-tax-filers","status":"publish","type":"post","link":"https:\/\/sbataxconsultants.com\/blog\/irs-announces-updates-to-form-1099-k-for-tax-filers\/","title":{"rendered":"IRS Announces Updates to Form 1099-K for Tax Filers"},"content":{"rendered":"\n<p>The <strong>IRS<\/strong> has announced significant updates to <a href=\"https:\/\/sbataxconsultants.com\/irs-related-works\"><strong>Form 1099-K<\/strong><\/a>, bringing notable changes for the 2025 tax season. These updates aim to improve transparency and increase tax compliance, ensuring accurate reporting of payments and income. For individuals and businesses utilising <strong>US tax filing<\/strong> services, it\u2019s essential to understand these changes and their impact. If you require assistance or guidance, explore professional <strong>IRS services in the USA<\/strong> to stay compliant and manage your tax filings effectively.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\">What Is Form 1099-K?<\/mark><\/strong><\/h2>\n\n\n\n<p>Form 1099-K reports payments made to businesses and individuals through third-party payment networks like PayPal, Venmo, and credit card processors. It summarises income received through these platforms, ensuring accurate income reporting for tax purposes<a href=\"https:\/\/en.wikipedia.org\/\">.<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\">Key Updates to Form 1099-K<\/mark><\/strong><\/h3>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-black-color\">Here are the significant changes to Form 1099-K that <a href=\"https:\/\/sbataxconsultants.com\/\">tax filers<\/a> need to know:<\/mark><\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-luminous-vivid-orange-color\"><strong>Lower Reporting Threshold<\/strong>:<\/mark> The IRS lowered the threshold for issuing Form 1099-K to $600 in aggregate payments, with no minimum transaction count. This change requires reporting of smaller transactions and expands the scope of taxable income<\/li>\n\n\n\n<li><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-luminous-vivid-orange-color\"><strong>Expanded Scope<\/strong>:<\/mark> The updated rules apply to both business and personal transactions. Payments for goods and services made through third-party platforms are subject to reporting.<\/li>\n\n\n\n<li><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-luminous-vivid-orange-color\"><strong>Clarifications for Exclusions<\/strong>:<\/mark> Personal transactions, including gifts and reimbursements, do not need to be reported The IRS emphasises the importance of distinguishing between personal and business transactions.<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\">What Tax Filers Need to Do<\/mark><\/strong><\/h3>\n\n\n\n<p>To comply with the new requirements, taxpayers should:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-luminous-vivid-orange-color\">Track Transactions:<\/mark><\/strong> Maintain detailed records of all transactions for accurate reporting.<\/li>\n\n\n\n<li><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-luminous-vivid-orange-color\"><strong>Verify Accuracy<\/strong>:<\/mark> Review Form 1099-K for accuracy upon receipt. Any discrepancies should be addressed with the payment platform immediately.<\/li>\n\n\n\n<li><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-luminous-vivid-orange-color\"><strong>Correctly<\/strong>: <\/mark>Include all applicable income from Form 1099-K on your tax return to avoid penalties or audits.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\">Impact on Tax Filers&nbsp;<\/mark><\/strong><\/h2>\n\n\n\n<p>With the new <strong>Form 1099-K<\/strong> changes, more payments are now under IRS scrutiny. <strong>Therefore,<\/strong> those who previously didn&#8217;t receive a 1099-K due to low transaction volumes may now get one .This could lead to an audit if income isn\u2019t accurately reported. Tax filers must report all income, even without a Form 1099-K, and keep detailed records of transactions and expenses to ensure accurate reporting.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\">IRS Services in the USA for Tax Filers<\/mark><\/strong><\/h3>\n\n\n\n<p>The IRS offers several resources and services to help tax filers navigate these changes and maintain compliance. Taxpayers can access IRS forms, guides, and instructions on the official IRS website or consult a tax professional for personalised us tax filing  advice. Additionally, IRS services are available to assist with questions about Form 1099-K and how the updates may affect individual tax filings.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\">How to Prepare for These Changes<\/mark><\/strong><\/h3>\n\n\n\n<p>To stay ahead of the changes, taxpayers should:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-luminous-vivid-orange-color\"><strong>Review 1099-K forms<\/strong>:<\/mark> Ensure that the reported amounts match your earned income, and check for any discrepancies.<\/li>\n\n\n\n<li><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-luminous-vivid-orange-color\"><strong>Consult a tax professional<\/strong>:<\/mark> If you\u2019re unsure how to report your income, a tax professional can help you navigate these new requirements.<\/li>\n\n\n\n<li><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-luminous-vivid-orange-color\"><strong>Stay organised<\/strong>:<\/mark><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-purple-color\"> <\/mark>Record all transactions and expenses throughout the year. This will help you avoid issues when tax season arrives.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-cyan-blue-color\">Additional Tips for Tax Filers<\/mark><\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Consult a tax professional if you\u2019re unsure how to handle Form 1099-K.<\/li>\n\n\n\n<li>Keep personal and business transactions separate to simplify reporting.<\/li>\n\n\n\n<li>Stay informed about further IRS updates to ensure compliance.<\/li>\n<\/ul>\n\n\n\n<p>With the IRS\u2019s updates to Form 1099-K, tax filers must proactively understand US tax filing and meet their reporting obligations. By staying informed and organised, you can navigate these changes smoothly and avoid potential tax implications.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The IRS has announced significant updates to Form 1099-K, bringing notable changes for the 2025 tax season. These updates aim to improve transparency and increase tax compliance, ensuring accurate reporting of payments and income. For individuals and businesses utilising US tax filing services, it\u2019s essential to understand these changes and their impact. If you require [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":708,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[11,13,9,12,7,5,8,6],"class_list":["post-702","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-irs-updates","tag-401k","tag-cpa","tag-irs","tag-tax-advisors","tag-tax-consultants","tag-tax-filing","tag-tax-season","tag-tax-services"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>US Tax Filing IRS Updates to Form 1099-K for Tax Filers<\/title>\n<meta name=\"description\" content=\"Learn about IRS updates to Form 1099-K and their impact on US tax filing. Stay informed to file accurately and claim all eligible deductions\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sbataxconsultants.com\/blog\/irs-announces-updates-to-form-1099-k-for-tax-filers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US Tax Filing IRS Updates to Form 1099-K for Tax Filers\" \/>\n<meta property=\"og:description\" content=\"Learn about IRS updates to Form 1099-K and their impact on US tax filing. Stay informed to file accurately and claim all eligible deductions\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sbataxconsultants.com\/blog\/irs-announces-updates-to-form-1099-k-for-tax-filers\/\" \/>\n<meta property=\"og:site_name\" content=\"Blog- SBA Tax Consultants\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/sbataxconsultants\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-24T06:39:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-24T07:13:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/sbataxconsultants.com\/blog\/wp-content\/uploads\/2024\/12\/23-12-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"ADMIN\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@sbataxconsult\" \/>\n<meta name=\"twitter:site\" content=\"@sbataxconsult\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ADMIN\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/sbataxconsultants.com\/blog\/irs-announces-updates-to-form-1099-k-for-tax-filers\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/sbataxconsultants.com\/blog\/irs-announces-updates-to-form-1099-k-for-tax-filers\/\"},\"author\":{\"name\":\"ADMIN\",\"@id\":\"https:\/\/sbataxconsultants.com\/blog\/#\/schema\/person\/b7815539b578de65196e98efd6ffebcb\"},\"headline\":\"IRS Announces Updates to Form 1099-K for Tax Filers\",\"datePublished\":\"2024-12-24T06:39:32+00:00\",\"dateModified\":\"2024-12-24T07:13:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/sbataxconsultants.com\/blog\/irs-announces-updates-to-form-1099-k-for-tax-filers\/\"},\"wordCount\":576,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/sbataxconsultants.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/sbataxconsultants.com\/blog\/irs-announces-updates-to-form-1099-k-for-tax-filers\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/sbataxconsultants.com\/blog\/wp-content\/uploads\/2024\/12\/23-12-1.jpg\",\"keywords\":[\"401K\",\"CPA\",\"IRS\",\"Tax Advisors\",\"Tax Consultants\",\"Tax Filing\",\"Tax Season\",\"Tax Services\"],\"articleSection\":[\"IRS Updates\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/sbataxconsultants.com\/blog\/irs-announces-updates-to-form-1099-k-for-tax-filers\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sbataxconsultants.com\/blog\/irs-announces-updates-to-form-1099-k-for-tax-filers\/\",\"url\":\"https:\/\/sbataxconsultants.com\/blog\/irs-announces-updates-to-form-1099-k-for-tax-filers\/\",\"name\":\"US Tax Filing IRS Updates to Form 1099-K for Tax Filers\",\"isPartOf\":{\"@id\":\"https:\/\/sbataxconsultants.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/sbataxconsultants.com\/blog\/irs-announces-updates-to-form-1099-k-for-tax-filers\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/sbataxconsultants.com\/blog\/irs-announces-updates-to-form-1099-k-for-tax-filers\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/sbataxconsultants.com\/blog\/wp-content\/uploads\/2024\/12\/23-12-1.jpg\",\"datePublished\":\"2024-12-24T06:39:32+00:00\",\"dateModified\":\"2024-12-24T07:13:01+00:00\",\"description\":\"Learn about IRS updates to Form 1099-K and their impact on US tax filing. Stay informed to file accurately and claim all eligible deductions\",\"breadcrumb\":{\"@id\":\"https:\/\/sbataxconsultants.com\/blog\/irs-announces-updates-to-form-1099-k-for-tax-filers\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/sbataxconsultants.com\/blog\/irs-announces-updates-to-form-1099-k-for-tax-filers\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/sbataxconsultants.com\/blog\/irs-announces-updates-to-form-1099-k-for-tax-filers\/#primaryimage\",\"url\":\"https:\/\/sbataxconsultants.com\/blog\/wp-content\/uploads\/2024\/12\/23-12-1.jpg\",\"contentUrl\":\"https:\/\/sbataxconsultants.com\/blog\/wp-content\/uploads\/2024\/12\/23-12-1.jpg\",\"width\":1920,\"height\":1080,\"caption\":\"US tax Filing\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/sbataxconsultants.com\/blog\/irs-announces-updates-to-form-1099-k-for-tax-filers\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/sbataxconsultants.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"IRS Announces Updates to Form 1099-K for Tax Filers\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/sbataxconsultants.com\/blog\/#website\",\"url\":\"https:\/\/sbataxconsultants.com\/blog\/\",\"name\":\"SBA Tax Consultants\",\"description\":\"Explore everything about tax returns and filing in the USA. Learn filing requirements, deadlines, tax credits, deductions, and how to choose the right preparation method. Simplify your taxes today!\",\"publisher\":{\"@id\":\"https:\/\/sbataxconsultants.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/sbataxconsultants.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/sbataxconsultants.com\/blog\/#organization\",\"name\":\"SBA Tax Consultants\",\"url\":\"https:\/\/sbataxconsultants.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/sbataxconsultants.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/sbataxconsultants.com\/blog\/wp-content\/uploads\/2023\/12\/logo.png\",\"contentUrl\":\"https:\/\/sbataxconsultants.com\/blog\/wp-content\/uploads\/2023\/12\/logo.png\",\"width\":577,\"height\":432,\"caption\":\"SBA Tax Consultants\"},\"image\":{\"@id\":\"https:\/\/sbataxconsultants.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/sbataxconsultants\",\"https:\/\/twitter.com\/sbataxconsult\",\"https:\/\/www.instagram.com\/sba_taxconsultants\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/sbataxconsultants.com\/blog\/#\/schema\/person\/b7815539b578de65196e98efd6ffebcb\",\"name\":\"ADMIN\",\"sameAs\":[\"https:\/\/sbataxconsultants.com\/blog\"],\"url\":\"https:\/\/sbataxconsultants.com\/blog\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"US Tax Filing IRS Updates to Form 1099-K for Tax Filers","description":"Learn about IRS updates to Form 1099-K and their impact on US tax filing. Stay informed to file accurately and claim all eligible deductions","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:\/\/sbataxconsultants.com\/blog\/irs-announces-updates-to-form-1099-k-for-tax-filers\/","og_locale":"en_US","og_type":"article","og_title":"US Tax Filing IRS Updates to Form 1099-K for Tax Filers","og_description":"Learn about IRS updates to Form 1099-K and their impact on US tax filing. Stay informed to file accurately and claim all eligible deductions","og_url":"https:\/\/sbataxconsultants.com\/blog\/irs-announces-updates-to-form-1099-k-for-tax-filers\/","og_site_name":"Blog- SBA Tax Consultants","article_publisher":"https:\/\/www.facebook.com\/sbataxconsultants","article_published_time":"2024-12-24T06:39:32+00:00","article_modified_time":"2024-12-24T07:13:01+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/sbataxconsultants.com\/blog\/wp-content\/uploads\/2024\/12\/23-12-1.jpg","type":"image\/jpeg"}],"author":"ADMIN","twitter_card":"summary_large_image","twitter_creator":"@sbataxconsult","twitter_site":"@sbataxconsult","twitter_misc":{"Written by":"ADMIN","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/sbataxconsultants.com\/blog\/irs-announces-updates-to-form-1099-k-for-tax-filers\/#article","isPartOf":{"@id":"https:\/\/sbataxconsultants.com\/blog\/irs-announces-updates-to-form-1099-k-for-tax-filers\/"},"author":{"name":"ADMIN","@id":"https:\/\/sbataxconsultants.com\/blog\/#\/schema\/person\/b7815539b578de65196e98efd6ffebcb"},"headline":"IRS Announces Updates to Form 1099-K for Tax Filers","datePublished":"2024-12-24T06:39:32+00:00","dateModified":"2024-12-24T07:13:01+00:00","mainEntityOfPage":{"@id":"https:\/\/sbataxconsultants.com\/blog\/irs-announces-updates-to-form-1099-k-for-tax-filers\/"},"wordCount":576,"commentCount":0,"publisher":{"@id":"https:\/\/sbataxconsultants.com\/blog\/#organization"},"image":{"@id":"https:\/\/sbataxconsultants.com\/blog\/irs-announces-updates-to-form-1099-k-for-tax-filers\/#primaryimage"},"thumbnailUrl":"https:\/\/sbataxconsultants.com\/blog\/wp-content\/uploads\/2024\/12\/23-12-1.jpg","keywords":["401K","CPA","IRS","Tax Advisors","Tax Consultants","Tax Filing","Tax Season","Tax Services"],"articleSection":["IRS Updates"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/sbataxconsultants.com\/blog\/irs-announces-updates-to-form-1099-k-for-tax-filers\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/sbataxconsultants.com\/blog\/irs-announces-updates-to-form-1099-k-for-tax-filers\/","url":"https:\/\/sbataxconsultants.com\/blog\/irs-announces-updates-to-form-1099-k-for-tax-filers\/","name":"US Tax Filing IRS Updates to Form 1099-K for Tax Filers","isPartOf":{"@id":"https:\/\/sbataxconsultants.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/sbataxconsultants.com\/blog\/irs-announces-updates-to-form-1099-k-for-tax-filers\/#primaryimage"},"image":{"@id":"https:\/\/sbataxconsultants.com\/blog\/irs-announces-updates-to-form-1099-k-for-tax-filers\/#primaryimage"},"thumbnailUrl":"https:\/\/sbataxconsultants.com\/blog\/wp-content\/uploads\/2024\/12\/23-12-1.jpg","datePublished":"2024-12-24T06:39:32+00:00","dateModified":"2024-12-24T07:13:01+00:00","description":"Learn about IRS updates to Form 1099-K and their impact on US tax filing. Stay informed to file accurately and claim all eligible deductions","breadcrumb":{"@id":"https:\/\/sbataxconsultants.com\/blog\/irs-announces-updates-to-form-1099-k-for-tax-filers\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/sbataxconsultants.com\/blog\/irs-announces-updates-to-form-1099-k-for-tax-filers\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/sbataxconsultants.com\/blog\/irs-announces-updates-to-form-1099-k-for-tax-filers\/#primaryimage","url":"https:\/\/sbataxconsultants.com\/blog\/wp-content\/uploads\/2024\/12\/23-12-1.jpg","contentUrl":"https:\/\/sbataxconsultants.com\/blog\/wp-content\/uploads\/2024\/12\/23-12-1.jpg","width":1920,"height":1080,"caption":"US tax Filing"},{"@type":"BreadcrumbList","@id":"https:\/\/sbataxconsultants.com\/blog\/irs-announces-updates-to-form-1099-k-for-tax-filers\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/sbataxconsultants.com\/blog\/"},{"@type":"ListItem","position":2,"name":"IRS Announces Updates to Form 1099-K for Tax Filers"}]},{"@type":"WebSite","@id":"https:\/\/sbataxconsultants.com\/blog\/#website","url":"https:\/\/sbataxconsultants.com\/blog\/","name":"SBA Tax Consultants","description":"Explore everything about tax returns and filing in the USA. Learn filing requirements, deadlines, tax credits, deductions, and how to choose the right preparation method. Simplify your taxes today!","publisher":{"@id":"https:\/\/sbataxconsultants.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/sbataxconsultants.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/sbataxconsultants.com\/blog\/#organization","name":"SBA Tax Consultants","url":"https:\/\/sbataxconsultants.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/sbataxconsultants.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/sbataxconsultants.com\/blog\/wp-content\/uploads\/2023\/12\/logo.png","contentUrl":"https:\/\/sbataxconsultants.com\/blog\/wp-content\/uploads\/2023\/12\/logo.png","width":577,"height":432,"caption":"SBA Tax Consultants"},"image":{"@id":"https:\/\/sbataxconsultants.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/sbataxconsultants","https:\/\/twitter.com\/sbataxconsult","https:\/\/www.instagram.com\/sba_taxconsultants\/"]},{"@type":"Person","@id":"https:\/\/sbataxconsultants.com\/blog\/#\/schema\/person\/b7815539b578de65196e98efd6ffebcb","name":"ADMIN","sameAs":["https:\/\/sbataxconsultants.com\/blog"],"url":"https:\/\/sbataxconsultants.com\/blog\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/sbataxconsultants.com\/blog\/wp-json\/wp\/v2\/posts\/702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sbataxconsultants.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sbataxconsultants.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sbataxconsultants.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sbataxconsultants.com\/blog\/wp-json\/wp\/v2\/comments?post=702"}],"version-history":[{"count":5,"href":"https:\/\/sbataxconsultants.com\/blog\/wp-json\/wp\/v2\/posts\/702\/revisions"}],"predecessor-version":[{"id":709,"href":"https:\/\/sbataxconsultants.com\/blog\/wp-json\/wp\/v2\/posts\/702\/revisions\/709"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sbataxconsultants.com\/blog\/wp-json\/wp\/v2\/media\/708"}],"wp:attachment":[{"href":"https:\/\/sbataxconsultants.com\/blog\/wp-json\/wp\/v2\/media?parent=702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sbataxconsultants.com\/blog\/wp-json\/wp\/v2\/categories?post=702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sbataxconsultants.com\/blog\/wp-json\/wp\/v2\/tags?post=702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}