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It’s time to unlock opportunities for solo and small firms. The threshold for filing Form 1099-K is dropping to $600 in payments to a payee.  This means numerous gig workers, Etsy sellers, and Airbnb owners will have the amounts they receive reported to the IRS for the first time. This is a big change.

Taxpayers will be surprised to receive these forms and may not even know they have to pay tax on this income.  

Join us on July 27, as we guide you on how to help your affected clients deal with the new reporting environment.  Topics covered include compliance, available deductions, and penalties for noncompliance.
Speakers:

Jim Chapman

Jim Chapman is an Editor/Author in Thomson Reuters’s Tax & Accounting Professionals business who writes for the Federal Tax Coordinator 2nd.  Michael holds a J.D. degree from the University of Michigan Law School and an LL.M. in Taxation from New York University Law School. Jim is a member of the Michigan State Bar.  Before joining Thomson Reuters, Jim practiced tax law with a private firm. Jim’s specialties include individual and partnership taxation. 

Shannon Christensen

Shannon Christensen is a Tax & Accounting Specialist Editor with Thomson Reuters Checkpoint. She holds a J.D. from Mitchell Hamline School of Law and a Master of Business Taxation from Carlson School of Management, University of Minnesota. Shannon has over 20 years of experience assisting taxpayers to solve complex tax issues including IRS and state audit defense, is admitted to practice law in Minnesota, and is a member of the Minnesota state bar association.  

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