The new-for-2022 law change that sharply reduced the reporting threshold at which third-party payment settlement entities must issue a Form 1099-K, Payment Card and Third Party Network Transactions, ...

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 ...

ROCK HILL, SC / ACCESSWIRE / February 27, 2023 / Businesses that need to complete their Form 1099 on time and accurately with the IRS and state can count on TaxBandits to provide a simple and ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Nov 21, 2022, 09:23am EST This article is more than 3 years old.

CORPUS CHRISTI, TX / ACCESSWIRE / December 13, 2022 / Starting in January 2023, the Internal Revenue Service (IRS) and Social Security Administration (SSA) will implement several significant changes ...

ROCK HILL, SC / ACCESSWIRE / November 9, 2022 / Businesses and tax professionals must complete year-end filing with the IRS and Social Security Administration (SSA) every year to report various ...

Selling on the likes of Etsy and eBay? The IRS doesn't want you to forget its share from your wares. Under the American Rescue Plan Act, people who sell goods or services on platforms like Etsy, eBay ...

Unbelievably, year-end is right around the corner. The first line of business in January 2023 will be to file and issue any necessary Form 1099s. Although I am fairly new to the profession and my role ...

Update: This amendment did not make it onto the list of amendments that were voted on when the Senate passed the bill on Thursday, December 22, 2022. The omnibus bill is being sent to the house where ...

2023 was going to be the first year in which people who earned at least $600 from online platforms like eBay, Etsy, Venmo and CashApp were going to receive 1099-K income tax forms. But right before ...

With the passage of the U.S. infrastructure bill in November, “crypto brokers” (i.e., cryptocurrency exchanges and other third parties that facilitate the transfer of digital assets) will be required ...

A law requires online marketplaces to send out a Form 1099-K for sales of $600 or more. Most casual sellers will not owe taxes on the sales, but that’s not always clear. By Ann Carrns It’s not unusual ...