In this new version, the checkbox for reporting Foreign Account Tax Compliance Act (FATCA) filing requirements is numbered 13. As a result of this change, the formerly numbered 13-14 boxes on the form have been renumbered to 14-15. You can learn more about the changes to Form 1099-MISC.
Effective starting in the tax year 2022, the title of box 3- Interest on U.S. Savings Bonds and Treas. Obligations has been changed to Interest on U.S. Savings Bonds and Treasury Obligations. You can learn more about Form 1099-INT for tax year 2022 here.
For 2022, the checkbox for Foreign Account Tax Compliance Act (FATCA) filing requirement is numbered 13. Because of this, the formerly numbered 13-14 box found on the 2021 Form 1099-DIV has been renumbered to boxes 14-18. You can learn more about Form 1099-DIV here.
Prior to tax year 2021, the Payment Settlement Entities (PSEs) were required to file Form 1099-K if the gross amount of reportable income exceeds $20,000 and 200 transactions throughout the year. For 2022, the IRS has reduced this 1099-K threshold to $600 regardless of the number of transactions. You can learn more about Form 1099-K here.
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