Senate

Senate bill would repeal $600 IRS reporting threshold

By Washington Examiner
Published January 27, 2023 1:39pm ET
Add Washington Examiner on Google
Senate bill would repeal $600 IRS reporting threshold
(The Center Square) – U.S. Sen. Kevin Cramer, R-N.D., and seven other senators have signed onto a bill that would repeal the tax threshold for reporting third-party payments. Under a provision in the American Rescue Plan Act, business transactions over $600 annually would be reported to the IRS by the payment platforms. The Stop the […]

(The Center Square) – U.S. Sen. Kevin Cramer, R-N.D., and seven other senators have signed onto a bill that would repeal the tax threshold for reporting third-party payments.

Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.

Tag:

Economics IRS Law Money