What Is Form 1099-K: Payment Card and Third-Party Network Transactions? The forms in the Internal Revenue Services (IRS's) 1099 series help taxpayers report monies received from a variety of sources ...

Did you make over five grand on a marketplace app? Maybe you're an Uber or Lyft driver and you make some money on the side. Or you sell baked goods or do hair on the weekends, and customers pay you on ...

Taxpayers who made money online or through payment apps in 2024 might get a new tax form in the mail – a 1099-K. This form reports payments people receive through third-party platforms. But it doesn’t ...

If you’re a freelancer or have your own business and get paid through a third-party app, you may find a new tax form in your mailbox. Previously, only self-employed workers who netted at least $20,000 ...

If you freelance, side hustle or sell products online, you're most likely familiar with the Form 1099-K. It's a form that specifically reports card payments and transactions from online platforms, ...

Tax season is underway and one of the most buzzworthy documents has been Form 1099-K. If you’re used to filing with Form 1099-K, it won’t surprise you. However, some receiving the form might not ...

Did you just receive a form called a 1099-K, 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 this one. More taxpayers will ...

If you’re a freelancer, business owner, or just have a small side hustle, you should know about the new tax requirement this year for electronic payments through Venmo, PayPal, online marketplaces and ...

As a result of the American Rescue Plan Act of 2021, effective for Tax Returns for the Calendar year 2022, small business that accept payment cards as a form of payment will receive a Form 1099-K for ...

One law provision new for tax years beginning in 2022 and after that could catch many individual taxpayers by surprise — particularly those in the “gig economy” — is the much lower threshold at which ...

Christmas came early (again) this year for many taxpayers and tax professionals. The IRS has announced that it would (again) delay the new $600 Form 1099-K reporting threshold for third-party ...

WASHINGTON, DC - MAY 19: Erin Collins, national taxpayer advocate at the Taxpayer Advocate Service speaks at a Senate Appropriations Subcommittee hearing on Capitol Hill May 19, 2021 in Washington, ...