IRS Commissioner Daniel Werfel testifies before a Senate Finance Committee hearing on Feb. 15, 2023. Kevin Lamarque | Reuters If you received business payments via apps such as PayPal or Venmo or e-commerce companies such as eBay, Etsy or Poshmark in 2023, your tax return may now be a little less complicated. The IRS announced Tuesday that 2023 would be a “transition year” for a new tax reporting requirement affecting such payments. Once in place, it will trigger Form 1099-K for just $600 in payments, even if that income stemmed from a single business transaction. For 2023, the old limit of more than 200 transactions worth an aggregate above $20,000 will remain in place. The agency
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