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IRS News and Updates January 23 2023

IRS Internal Revenue Bulletin 2023-3 says third-party organizations generally not required to report tax year 2022 transactions on Form 1099-K for lower $600 threshold amount, gives guidance on new 1% excise tax on covered corporation repurchases of corporate stock.

The Way Americans are Earning a Living and Financing their

Drawing insights from its 21 million customers, the second annual report finds side hustles, post-retirement gigs and solopreneurs to be on the rise.

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