After Tester Push, IRS to Delay Implementation of Burdensome 1099-K Reporting Requirement
Senator pressed the agency in a letter last week to focus on holding large corporations accountable
After applying continued pressure on the agency, U.S. Senator Jon Tester announced today that he successfully pushed the Internal Revenue Service (IRS) to delay implementation of its 1099-K reporting requirement that would have unnecessarily burdened individual Montana taxpayers using online payment platforms. Tester wrote a letter to the IRS last week urging the agency to delay implementation of the rule.
“The IRS should be focused on cracking down on multinational corporations and millionaire tax cheats, not on forcing burdensome paperwork on Montana’s working families,” said Tester. “I’m glad to see the IRS heard my concerns and I’ll continue to fight back against burdensome bureaucratic policies that just don’t make sense for Montana.”
Last week Tester sent a letter to IRS Commissioner Daniel Werfel emphasizing that burdensome reporting requirements would hurt Montanans. “If these burdensome requirements are allowed to take effect during the upcoming tax filing season, it will hurt folks in Montana and across the country,” he wrote. Tester also stressed that the IRS should be focused on cracking down on big corporations, not imposing burdensome paperwork on Montanans: “The IRS should be focused on holding large corporations accountable, not on processing unnecessary, burdensome paperwork for casual online sellers.”
Last December, Tester also successfully pushed the IRS to delay implementation of its 1099-K reporting requirement. Tester has repeatedly fought to block the rule, which would mandate the reporting of payments over $600 on online payment platforms.
Tester’s successful letter to the IRS can be read HERE.