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re: 2023 Tax Filing

Posted on 2/9/24 at 1:41 pm to
Posted by Styxion
St. George, LA
Member since Sep 2012
1600 posts
Posted on 2/9/24 at 1:41 pm to
quote:

I have seen that some 1099s are delayed due to IRS changes.


The only delays I've seen anything about are 1099-Ks, because the decided to once again delay the 600 dollar rule. You should have already been provided with any 1099-Div.
Posted by bikerack
NH
Member since Sep 2011
2141 posts
Posted on 2/9/24 at 4:21 pm to
quote:

The only delays I've seen anything about are 1099-Ks, because the decided to once again delay the 600 dollar rule. You should have already been provided with any 1099-Div.


I know of several smaller companies and smaller school districts that had to start scrambling in December when they found about some new IRS requirement about their credentials. They had to request new ones and they were seeing 45 day delays in getting them. Plus, the new credentials have to be tied to a person and if that person already had a personal account with the IRS, then they wouldn't issue another one. This whole thing mainly affected plain 1099 forms.

I was also told that several years ago, reporting requirements for some forms changed from 1/31 to 2/15. The forms mentioned were the 1099-B and consolidated reporting statements that contain 1099-B, 1099-DIV and 1099-INT all on one statement.
This post was edited on 2/9/24 at 4:24 pm
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