The information reporting form, IRS Form 1099-K (Payment Card and Third-Party Network Transactions), is used to track business payments made through credit or debit card and peer-to-peer services such ...

Quick ReadForm 1099-K reports gross payments, not profit, so a $300 couch sale looks like $300 income even when you paid ...

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 ...

Some lawmakers are pushing to increase the IRS reporting threshold for Form 1099-K, which covers third-party business payments. Before this year, you may have received Form 1099-K if you had more than ...

Tax season is underway and one of the most buzzworthy documents has been Form 1099-K. If you're used to filing with Form 1099-K, it won't surprise you. However, some receiving the form might not ...

Christmas came early (again) this year for many taxpayers and tax professionals. The IRS has announced that it would (again) delay the new $600 Form 1099-K reporting threshold for third-party ...

The IRS has changed its requirements for receiving Form 1099-K from payment apps several times in the past two years. The result is confusion not only for the potential recipient but also for the ...

If you freelance, side hustle or sell products online, you're most likely familiar with the Form 1099-K. It's a form that specifically reports card payments and transactions from online platforms, ...

Many taxpayers could receive Form 1099-K for the first time this season, according to the National Taxpayer Advocate. If you had more than $5,000 in business transactions from apps such as PayPal or ...