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 ...

The Internal Revenue Service (IRS) issued updated Form 1099-K guidance Tuesday, providing information on reporting thresholds that would trigger the form while answering several other key questions.

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 ...

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 ...

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 ...

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 ...

(NewsNation) — Fewer side hustlers who get paid through apps like Venmo or PayPal will get a tax form this year, but the IRS still expects them to report the money they made. That’s because the ...

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 ...

Will you recognize the Form 1099-K when you receive it from one or more third-party marketplace providers this year? A few years ago, the IRS implemented new reporting requirements for many popular ...

Many taxpayers cheered in 2008 when the Housing and Economic Recovery Act, or HERA, was signed into law by President Bush. The bill was designed to provide "needed housing reform" and was intended to ...