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 ...

If you earned over $5,000 or more in income via third-party apps, you should get a 1099-K to file with your tax return.

The IRS has announced that it would (again) delay the new $600 Form 1099-K reporting threshold for third ... the number of transactions in 2024. The dollar value will scale to $2,500 for ...

The IRS again delayed the effective date of the $600 threshold for Form 1099-K reporting for third-party settlement organizations (TPSOs) and will treat 2024 and 2025 as transition years, the Service ...

This is not the first time the IRS has delayed the reporting requirement, having done so in 2022 and then again in late 2023 ...

Heads up to anyone who is a freelancer, independent contractor, business owner, property renter or just a hobbyist who ...

Small businesses and freelancers using payment platforms like Venmo and PayPal will face new IRS reporting requirements ... any income over $600 will need to be reported. “As with most things ...

A Government Accountability Office (GAO) report found that ... t have to worry about a literal army of new IRS agents coming for your tax dollars — or tips. Instead, stay informed, and tune ...

So listen up for the 2024 tax year, you have to report earned income of more than $5000 on *** 1099 K form for 2025 that drops to 25 $500 and for 2026 and beyond, it drops again to just $600.

Under new reporting requirements first announced in the American Rescue Plan, third-party payment apps will eventually be required to report earnings over $600 to the IRS. "Prior to 2024 ...