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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."

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