Billions in Unpaid Taxes Due to Unreported 1099-K Income
IRS Plans to Contact Businesses and Individuals Who Are Not Reporting 1099-K Income
Recently, the Treasury Inspector General for Tax Administration (TIGTA) advised the Internal Revenue Service (IRS) that it was losing billions of dollars in tax revenue due to unreported and underreported 1099-K income. A report released on December 30, 2020, explained the methods […]