Tennessee has become the second state to offer portable benefits to 1099 workers, providing access to health insurance and ...

New Rules for Form 1099-K For the 2023 tax year, third-party payment processors only needed to send out 1099-Ks if account holders conducted more than 200 transactions totaling at least $20,000 in ...

Keep a copy of the original form and all correspondence with the issuer for your records, the agency said. Don’t delay filing your tax return even if your 1099-K is incorrect, the IRS said.

If you sell goods or services or rent property, and get paid through Venmo, PayPal, Cash App or another payment app, you may have been surprised by a Form 1099-K this year.

Form 1099-K must be sent to taxpayers by Jan. 31 of the following year. That is, you should have received your 1099-K for 2024 by the end of January 2025. (See the 2025 tax deadlines.) ...

According to the 2022 CPA.com & AICPA PCPS Client Advisory Services (CAS) Benchmark Survey, CAS practitioners indicated that 1099 creation and filing was the most in-demand CAS service to help ...

The 1099-R form is packed with crucial information. The total distribution amount is shown in Box 1, indicating the total amount of money you received from your retirement plan during the tax year.

For 2023 (the federal income tax returns you’ll file in early 2024), a much higher $20,000/200 transaction 1099-K reporting threshold applies as it did for the 2022 tax year.

Third-party settlement organizations were not required to report tax year 2022 transactions on Form 1099-K to the IRS or the payee for the lower $600 threshold amount—the existing $20,000/200 ...

IRS officials said some taxpayers will still get a 1099-K next year for the 2023 tax year, for example, if the taxpayer faced what's called "backup withholding" on a payment platform for refusing ...

The IRS announced a delay in the 1099-K reporting threshold. Lisa Greene-Lewis, CPA and TurboTax tax expert, explains what you need to know for your 2022 taxes.

New Rules for Form 1099-K For the 2022 tax year, third-party processors needed to send you a 1099-K only if you conducted more than 200 transactions equaling at least $20,000 in gross payments.