 Internal Revenue Service, IRS Tax News, IRS Updates Frequently Asked Questions About Form 1099K. I, for one, propose we do away with the Form 1099K on account of it being racist, because like 1099Ks represent 366 sets of 3Ks plus one over another set of 3Ks. I mean, it's like they're trying to promote some kind of hate speech mantra that you repeat 366.33 times. In fact, this level of hate speech demonstrated by the IRS may warrant the complete abolishment of taxes altogether. Okay, that's obviously nonsense, but still, I still think they should do away with Form 1099K. Why? Because the IRS is getting awfully intrusive? Are they not? I mean, it's starting to feel more and more like the government just moved in right next door. And then your new government neighbor is like, hey, did you know Tom across the street has a new job? And you're like, wow, Mr. Government, how did you know that? And the new government neighbor says, because I found a paycheck stub stuck to the bottom of the dumpster, I'm going to make it public by posting it on the Twitters. And it's like, that doesn't sound very nice, Mr. New Government neighbor. But why are you, why were you going through the dumpster in the first place? Well, says the new government neighbor, I have this thing for wearing used women's clothes. And for some reason, the airports got really strict about stealing other people's luggage. So I thought, if I rummage through the dumpster, I might find some nice ripe used yoga pants I can try on, possibly as a ski mask. I mean, honestly, I thought it was scary when the Beverly Hill Billies moved in next door. I mean, my new government neighbor stops by each week after Payday looking for a fourth of my paycheck. So like for crying out loud, just stay in Washington, you crazy government lunatics. And I'll gladly mail you a check in exchange for keeping your distance. IR 2022-230 December 28, 2022 Washington, the Internal Revenue Service today updated frequently asked questions FAQs for form 1099K payment card and third party network transactions in fact sheet FS 2022-41. There's a link to that here. The updates include definitions, general information, individuals, more information about reliance is available. There's a link to these items here. If you want to check them out in more detail, there'll be a link to this in the description.