E-Merchants Trade Council, Inc.

Commentary: New IRS requirements raise questions about vow to only expand audits on rich (msn.com)

Government reports have suggested that small businesses and gig workers account for a disproportionate share of the tax gap — the total amount of tax underpayments and nonpayments. Lowering the 1099-K reporting threshold to $600 per year is clearly meant to address that perceived gap.