NASE Opposes 1099K Inclusion in American Rescue Plan

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Through NASE, the self-employed and micro-businesses have a powerful voice representing their interests. NASE has a strong track record of advocating for its Members on Capitol Hill.

NASE Opposes 1099K Inclusion in American Rescue Plan

NASE joined a robust coalition of organizations in opposing the Administration's proposal to amend section 6050W of the IRS Code that would "require reporting for any
transaction above $600 in gross sales through a 1099-K form. Current statute requires small business owners to file a 1099-K only when there’s a transaction greater than $20,000 and a minimum of 200 transactions completed over the course of one year."


Read the full letter.

Courtesy of NASE.org
https://www.nase.org/nase-in-action/advocacy/2021/02/27/nase-opposes-1099k-inclusion-in-american-rescue-plan