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 ...

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 has delayed a requirement ... from being inundated with new Form 1099-K reporting requirements, it doesn’t stop the main problem of the upcoming onerous $600 requirement,” said Jeff ...

The dollar strengthened after a report that Chinese leaders are considering allowing their currency to weaken as they brace for higher tariffs under a second Donald Trump presidency.

A new report from Parents Defending Education found that the Biden administration spent $1 billion in education grants for ...

A family of four in the northeast needed to earn close to $151,100 in 2022 to be economically secure, according to an Urban Institute report.

Tax pros don't expect big changes for the coming filing season — but they're already worrying about the one after that ...

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.