EP23 - 1099 K Threshold Changes After OBBA What Creators Need to Know NOW скачать в хорошем качестве

EP23 - 1099 K Threshold Changes After OBBA What Creators Need to Know NOW

The 1099-K rules changed again, and the $600 panic threshold is officially gone—but that doesn’t mean you’re in the clear. If you’re a creator, freelancer, or small business owner using Stripe, PayPal, Venmo, Shopify, or Airbnb, misunderstanding this form can still trigger IRS notices, penalties, or audits. In this episode, Anastasia and Myiesha break down exactly what changed, why it matters, and how to set up your systems so your income reporting stays clean, audit-ready, and stress-free. What is the new 1099-K threshold, and why did the IRS reverse the $600 rule? How does the 1099-K differ from a 1099-NEC, and when do you receive each? Why does your 1099-K show more income than what hit your bank account? When do you still have to report income even if you don’t receive a 1099-K? How can mixing personal and business payments trigger IRS notices or audits? What should creators do now to prepare for the next tax season and avoid penalties? ⏱️ Timestamps: 00:00 – Why the 1099-K rules changed again 00:35 – The $600 threshold panic explained 03:45 – Who the new $20,000 + 200 transactions rule actually affects 07:08 – 1099-K vs 1099-NEC: what’s the real difference? 09:13 – Why your 1099-K doesn’t match your bank deposits 11:24 – Federal vs state rules creators must watch 15:46 – Common 1099 mistakes that trigger IRS notices 22:37 – How to prep now for the next tax season Why subscribe? Every week, Let’s Get Fiscal shares the tax strategies and business finance advice that actually work for real entrepreneurs—not corporate-speak you can’t use. You’ll get specific, actionable tactics, real client scenarios, and clear answers to the money questions keeping you up at night. The goal is simple: make business finances less intimidating and more profitable. 🔗 Listen everywhere: Apple Podcasts: https://podcasts.apple.com/us/podcast... Spotify: https://open.spotify.com/show/08AjRNf... Watch on YouTube:    / @letsgetfiscalpodcast   📊 Helpful resources: Got a question for the show? Submit it here: https://www.coterietax.com/qa Want to listen to more episodes? Start here: https://www.coterietax.com/podcast Need personalized help with your business finances? Visit: https://www.coterietax.com What’s your biggest tax or money question right now? Drop it in the comments below—Anastasia and Myiesha read every comment and love helping with real-world situations. #TaxCompliance #AuditReady #LetsGetFiscal #TaxTips #SmallBusiness #Entrepreneurship #BusinessFinance #TaxStrategy #FreelancerLife