The IRS announced the reporting threshold for the 1099-K form will drop from $20,000 to $5,000 this tax filing season, ...
Forms 1099, Volunteer Income Tax Assistance (VITA) programs, Form 1099-K relief, deducting taxes, tax filing deadlines, and ...
Originally set to kick off at the beginning of 2022, the IRS planned to implement a new reporting rule that would require ...
The IRS is rolling out a new 1099-K reporting rule for third-party payment apps, impacting freelancers and business owners.
The new requirement, which is being implemented after a two-year delay, applies to such P2P apps as PayPal, Venmo, and Block ...
The IRS is now requiring freelancers to report payments of $5,000 and up received via third-party apps like CashApp, PayPal, ...
The original rule required a third-party platform to send you a 1099-K if you had more than 200 business transactions in a given year on the platform, and only if those transactions combined added ...
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 ...
The IRS said in a release issued on December 19: "There are a number of things taxpayers can do to get ready as the end of ...
As a result of this delay, TPSOs will not be required to report the tax year 2022 transactions on a Form 1099-K to the IRS or the payee for the lower, $600 threshold amount enacted as part of the ...
The calendar has flipped to 2025, and Americans will soon be tasked with filing their tax returns for the previous year.
The IRS is moving forward with its new 1099-K tax reporting change. Here's what that means for you. Courtney Johnston Senior Editor Courtney Johnston is a senior editor leading the CNET Money team.