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 ...

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 ...

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 ...

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 ...