Outside Section 33
1099-K Notifications 2
SECTION 33.
Said
section 8 of said chapter 62C
, as so appearing, is hereby further amended by striking out, in line 10, the word "it" and inserting in place thereof the following words:- such payor.
Summary:
This section and the preceding section enable the Department of Revenue to implement new criteria for 1099-K notifications, allowing the Commissioner discretion to require reporting using criteria that may not match the federal criteria.
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