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

the 1099-K form is likely familiar. Initially, the IRS planned to lower the reporting threshold to $600 per year, starting in ...

A 1099-K form is issued by credit card companies and third-party settlement organizations (TPSOs) — think payment apps and ...

In a letter to congressional finance leaders, the AICPA listed increasing the threshold to $10,000 as one of its priorities.

Form 1099-K reporting requirements have created a lot of confusion, and it's understandable why. Many of those sellers haven’t received 1099-Ks before, so understanding the new rules is ...

If you receive a Form 1099-K from Ticketmaster ... So, for the 2022 and 2023 tax years, the old threshold was used. For the ...

This year, some gig workers, freelancers and small business owners received an unfamiliar IRS tax form: a 1099-K. If you're one of them, how you report this form on your tax return could ...

But in 2025, that number is expected to soar. The IRS announced the reporting threshold for the 1099-K form will drop from $20,000 to $5,000 this tax filing season, plummeting each year until $600.

New Rules for Form 1099-K For the 2023 tax year, third-party payment processors only needed to send out 1099-Ks if account holders conducted more than 200 transactions totaling at least $20,000 in ...