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 ...

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

WHAT'S NEW (or isn't) FOR 2024: - There was no change to the payment threshold for the requirement to prepare Form 1099-NEC (a proposal was passed in the house, but did not clear the Senate).

Taxpayers who received more than $5,000 in payments for goods and services through an online marketplace or payment app in 2024 should expect to receive a Form 1099-K PDF in January 2025.

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 ...

For tax year 2024, the threshold to receive Form 1099-K for payments through payment platforms is $5,000. The IRS considers money paid through the platforms for goods and services as income ...

Taxpayers who received more than $5,000 in payments for goods and services through an online marketplace or payment app in 2024 should expect to receive a Form 1099-K PDF in January 2025. A copy of ...