Taxpayers who made money online or through payment apps in 2024 might get a new tax form in the mail – a 1099-K. This form reports payments people receive through third-party platforms. But it doesn’t ...

Portland, OR, USA - Jan 5, 2022: Third-party payment apps now have to report transactions more than USD600 to the IRS. Taxpayers who engage in online sales may have dodged a reporting bullet in early ...

Did you just receive a form called a 1099-K, a form that you never, ever saw in your lifetime? Well, do not ignore any 1099-K that pops up. Take your time to understand this one. More taxpayers will ...

Knowing when to issue which kind of 1099 form to someone you paid money to can be a mystery to small business owners, but ...

If you freelance, side hustle or sell products online, you're most likely familiar with the Form 1099-K. It's a form that specifically reports card payments and transactions from online platforms, ...

Under the new law, reporting thresholds for Form 1099-K (for payment card and third-party network transactions), Form 1099-MISC (for payments not covered by other 1099 forms), and Form 1099-NEC (for ...

It's not the same old Lions now that a winning season is making it easy to resell game tickets at amazing prices far above the original value. But it’s the same old IRS play when it comes to handling ...

Millions of Americans who sell goods online or use third-party platforms such as PayPal, Cash App or Venmo will soon face new tax reporting rules under changes introduced by the One Big Beautiful Bill ...

The Internal Revenue Service revised its frequently asked questions on the Form 1099-K to alleviate confusion this filing season. The Form 1099-K has been of particular concern in recent years after ...

The new-for-2022 law change that sharply reduced the reporting threshold at which third-party payment settlement entities must issue a Form 1099-K, Payment Card and Third Party Network Transactions, ...