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*ACTION REQUIRED* by 10/11/22: Changes to U.S. Form 1099-K requires account updates to avoid payout delays.
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<blockquote data-quote="Brent Whitten" data-source="post: 38450"><p><span style="font-size: 16px"><span style="font-family: 'Arial'"><span style="color: #4f566b">Beginning January 1, 2022, the IRS threshold for reporting amounts on Form 1099-K is dropping from $20,000 and 200 transaction to $600. This means that any Hagerty MSR organizer who has processed $600 or more in registration fees during the 2022 year will be issued a 1099-K. </span></span></span></p><p></p><p><img src="https://track.hubspot.com/__ptq.gif?a=271206&k=14&r=https%3A%2F%2Fblog.motorsportreg.com%2Faction-required-by-10%2F11%2F22-changes-to-u.s.-form-1099-k-requires-account-updates-to-avoid-payout-delays&bu=https%253A%252F%252Fblog.motorsportreg.com&bvt=rss" alt="" class="fr-fic fr-dii fr-draggable " style="width: 1px" /></p></blockquote><p></p>
[QUOTE="Brent Whitten, post: 38450"] [SIZE=16px][FONT=Arial][COLOR=#4f566b]Beginning January 1, 2022, the IRS threshold for reporting amounts on Form 1099-K is dropping from $20,000 and 200 transaction to $600. This means that any Hagerty MSR organizer who has processed $600 or more in registration fees during the 2022 year will be issued a 1099-K. [/COLOR][/FONT][/SIZE] [IMG width="1px"]https://track.hubspot.com/__ptq.gif?a=271206&k=14&r=https%3A%2F%2Fblog.motorsportreg.com%2Faction-required-by-10%2F11%2F22-changes-to-u.s.-form-1099-k-requires-account-updates-to-avoid-payout-delays&bu=https%253A%252F%252Fblog.motorsportreg.com&bvt=rss[/IMG] [/QUOTE]
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*ACTION REQUIRED* by 10/11/22: Changes to U.S. Form 1099-K requires account updates to avoid payout delays.
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