Under a new federal law enacted in 2021 (the “American Rescue Plan” or the “New Law”), Venmo, Pay Pal, Cash App, Etsy, eBay and other e-commerce platforms are now required to send individual users ...

The information reporting form, IRS Form 1099-K (Payment Card and Third-Party Network Transactions), is used to track business payments made through credit or debit card and peer-to-peer services such ...

The Internal Revenue Service issued updated frequently asked questions on Form 1099-K on Oct. 23, 2025, clarifying reporting ...

One of the significant changes affecting next year's filing season is the provision in the American Rescue Plan Act lowering the minimum reporting threshold for payment card transactions (debit, ...

Well, Congress has stepped in it, at the request of the IRS, then the IRS has delayed the start of it again. What am I talking about? Closing the reporting loophole started with the rise of third ...

Did you collect jobless benefits in 2021? Then you're going to need to sit back and wait to file your federal income tax return until you make sure you have all the right numbers in hand. Michigan ...

(CBS Detroit) --Michiganders who received unemployment benefits this year have until Jan. 2, 2022, to request an electronic copy of their 1099-G tax form, according to the Michigan Unemployment ...