Tax and financial planning news from around the web: January 2 – 6, 2023

Written on Jan 3, 2023

IRS announces delay for implementation of $600 reporting threshold for third-party payment platforms’ Forms 1099-K

The IRS recently announced a delay in reporting thresholds for third-party settlement organizations set to take effect for the upcoming tax filing season.

Ohio Department of Taxation’s Business Tax Division seeks comments on proposed rule change

The Ohio Department of Taxation is seeking comments on a proposed rule change to the Sports Gaming Receipts Tax rule. The rule is being updated to give sports gaming proprietors the ability to designate a management services provider or mobile management services providers as the taxpayer for withholding tax purposes.