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*Correction* Per IR-2024-299, Nov. 26, 2024, the IRS has provided transition relief as follows: Under the guidance issued today, TPSOs will be required to report transactions when the amount of total payments for those transactions is more than $5,000 in 2024; more than $2,500 in 2025; and more than $600 in calendar year 2026 and after. If you ...
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