One organization pushing for higher reporting thresholds, which included companies like AirbnbĮBay, Etsy and PayPal, called the delay “great news for millions of Americans.” The additional time will help reduce confusion during the upcoming 2023 tax filing season and provide more time for taxpayers to prepare and understand the new reporting requirements,” O’Donnell said. “To help smooth the transition and ensure clarity for taxpayers, tax professionals and industry, the IRS will delay implementation of the 1099-K changes. ![]() ![]() “‘The additional time will help reduce confusion during the upcoming 2023 tax filing season and provide more time for taxpayers to prepare and understand the new reporting requirements.’ ” - Acting IRS Commissioner Doug O’Donnell
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