The IRS has delayed, for a year, when payment services such as Paypal and Venmo and e-commerce companies such as eBay, Etsy and Poshmark will have to issue tax forms to individuals whose business transactions through those platforms exceed $600.The agency on Friday said that such third-party platforms won't have to use that threshold for when they report 2022 tax-year transactions on a Form 1099-K, which goes to both the IRS and taxpayer.More from Personal Finance:Here are 10 ways to avoid the early withdrawal penalty for IRAsWells Fargo settlement includes $2 billion for wronged customersThese are the 10 best metro areas for first-time homebuyersHere are 10 ways to avoid the early withdrawal penalty for IRAsWells Fargo settlement includes $2 billion for wronged customersThese are the 10 best metro areas for first-time homebuyers"To help smooth the transition and ensure clarity for taxpayers, tax professionals and industry, the IRS will delay implementation of the 1099-K changes," Doug O'Donnell, acting IRS commissioner said in a statement.Even without the new reporting requirement in place, income from business transactions through such platforms is still taxable, which means sellers must report it.Tax pros had flagged the lower tax reporting threshold as a possible pain point for filers, with the risk of receiving 1099-Ks for personal transfers on platforms such as Venmo and PayPal, such as gifts or reimbursements."