West Virginia
After Manchin Urging, Treasury Announces One Year Delay of Small Business Reporting Requirement
December 23, 2022
Charleston, WV – At this time, U.S. Senator Joe Manchin (D-WV) applauded
the Treasury Division’s determination to delay the 1099K reporting requirement for
one yr. This week,
Senator Manchin launched an modification to delay the 1099K reporting
requirement for 2 years.
the Treasury Division’s determination to delay the 1099K reporting requirement for
one yr. This week,
Senator Manchin launched an modification to delay the 1099K reporting
requirement for 2 years.
“I’m happy the Treasury Division and the IRS listened to my
request to delay the 1099K reporting requirement that can hurt small
companies and people who promote items on-line throughout America. This can
enable Congress extra time to appropriate this regulation that places undue burden on
our small companies. I’ll proceed working with Treasury and my bipartisan
colleagues to discover a everlasting resolution that helps our small companies in
West Virginia and throughout America.”
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