The Form 1099-K is meant to report income from payment apps (like Venmo or Paypal), as well as from online marketplaces or ...

The IRS currently requires any third-party payment apps like Cash App and Venmo to send a 1099-K to the IRS and individuals ...

The only difference is Venmo's obligation to send you a tax form. As Mark Steber, Chief Tax Information Officer at Jackson Hewitt Tax Services, explains, "Despite last-minute changes to who will ...

The IRS expects more than 140 million returns for Tax Year 2024, with changes for third-party payment platforms and important ...

“The taxation and tax treatment requirements for taxpayers has not changed,” said Mark Steber, chief tax information officer for Jackson Hewitt. “This taxable ... roommate your portion of rent through ...

For some, this could be a stressful time of year, but being prepared is a critical step to an accurate tax return with the biggest refund.

This reporting change means if you earned over $5,000 on an app like Venmo last year ... chief tax information officer for Jackson Hewitt. "This income has always been considered by the IRS ...