$200

IRS Restores $20,000 / 200-Transaction Rule for Form 1099-K in 2025
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IRS Restores $20,000 / 200-Transaction Rule for Form 1099-K in 2025

Business, Individuals

IRS Restores $20,000 / 200-Transaction Rule for Form 1099-K in 2025

When Congress passed the American Rescue Plan Act (ARPA) in 2021, it lowered the Form 1099-K reporting threshold to $600 — with no transaction minimum. That rule, even if delayed several times, would have drastically expanded the number of Forms 1099-K issued, pulling in even casual transactions like splitting rent or selling used personal items.

By Victor Garrido, CPA, EA|2025-10-27T03:00:41+00:00December 8th, 2025|Categories: Business, Individuals|Tags: $200, 000, 1099k, 20, business, contractor, Entrepreneur, FAQ, freelancer, independent, irs, OBBBA, owner, small, transactions|

FinCen can require reporting transactions over $200 using a GTO directive
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FinCen can require reporting transactions over $200 using a GTO directive

Business, Individuals

FinCen can require reporting transactions over $200 using a GTO directive

If you read our blog, you might be already familiar the Financial Crimes Enforcement Network (FinCen) and some of the tools such as the FBAR (Report Foreign Bank and Financial Accounts when you have an aggregate of $10,000 in foreign accounts), the CTR (Currency Transaction Reports where financial institutions report currency (cash or coin) transactions

By Victor Garrido, CPA, EA|2025-05-03T04:06:53+00:00May 9th, 2025|Categories: Business, Individuals|Tags: $200, $300k, BOI, CTR, estate, FBAR, FinCen, Geographic, GTO, low, order, real, Targeting, threshold|

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