You might receive this document if you have freelance work, investment income, retirement distributions or other financial ...

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 ...

When your tax forms are late. You technically don't need a 1099 form to file a tax return. What the IRS cares about is that ...

As the 2025 tax filing deadline approaches, taxpayers should be aware of several minor, yet important, changes to Internal ...

For example, if a person earned $3,000 through PayPal and $2,600 through Venmo, they made a total of $5,600 in taxable income ...

According to the IRS, for 2024, businesses and workers are required to report income of $5,000 or more from these apps. In ...

Form 1099-K reporting requirements have created a ... (So, your 1099-K for the 2024 tax year would arrive in January or early February 2025.) When it comes to 1099-K forms, you may have heard ...

Income at or above those thresholds would trigger a Form 1099-K, or report of payments you ... starting with a $5,000 annual threshold in 2024, $2,500 in 2025 and finally, $600 in 2026 and later.

In November, the IRS again delayed the effective date of the $600 threshold for Form 1099-K reporting for third-party settlement organizations (TPSOs) and will treat 2024 and 2025 as transition years.

The Internal Revenue Service says companies that act as intermediaries for buyers and sellers must send tax Form 1099-K to any user who earned more than $5,000 on its platform in 2024. The form ...