Previously delayed changes to a key filing requirement have kicked in for 2023. Form 1099-K (Payment Card and Third-Party Network Transactions) is used by businesses to report certain payments they make that exceed minimum levels. Under prior rules, the threshold that triggered the filing of a 1099-K form was $20,000 in payments for goods or services, in more than 200 transactions. A 2021 law dropped that threshold to aggregate payments that exceed $600 per year. It was scheduled to take effect for 2022. In a surprise move, the IRS responded to industry pushback and allowed for a pause. Now, the filing rules are effective for 2023. Here are some FAQs from the IRS: