The U.S. IRS has announced the issuance of FAQs on the Form 1099-K threshold for third-party settlement organizations (TPSOs), which was reverted to USD 20,000 under the One, Big, Beautiful Bill (OBBB). As part of the American Rescue Plan Act of 2021 (ARPA), the threshold was to be reduced to USD 600 in total payments per payee for sales of goods or services, regardless of the number of transa…