IRS Prepares for New Information Reporting Requirements: What Taxpayers Must Know in 2025
The 2025 tax season brings significant updates to the IRS’s information reporting requirements, aimed at enhancing compliance and streamlining tax administration. These changes impact individuals, businesses, and third-party platforms, requiring more detailed reporting and adherence to updated thresholds and deadlines. This article unpacks what IRS Form 1099 taxpayers need to know about these new requirements […]