Republicans face an internal schism over how far they want to go to give relief to millions of online sellers who received a new tax form for the first time this filing season.
The House Ways and Means Committee approved legislation this week that effectively eliminates a provision of a 2021 law that significantly expanded the scope of who gets 1099-K forms to include taxpayers with more than $600 in gross payments.
House Republicans and their allies in the Senate have proposed returning to the $20,000 threshold for such requirements. It’s been a major priority for panel chair Rep. Jason ...
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