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If You Made Money via PayPal, Cash App or Venmo This Year, You May Get a 1099-K. Here's Why
Anyone who earned over $5,000 in income through third-party apps will receive a 1099-K tax form to file with your tax return.
IRS adjusts income reporting rules for third-party payment apps
Small businesses and freelancers using payment platforms like Venmo and PayPal will face new IRS reporting requirements this ...
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How a decades-old loophole lets billionaires avoid Medicare taxes
ProPublica’s “Secret IRS Files” series contains examples of billionaire financiers who avoided Medicare tax despite earning ...
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IRS Issues Final Regulations on Energy Property and Rules Applicable to Energy Credit Under Section 48
On December 4, the Treasury Department (Treasury) and the Internal Revenue Service (IRS) released final regulations providing further guidance ...
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Irs announces retirement plan updates for 2025
The Internal Revenue Service (IRS) has announced significant changes to Individual Retirement Accounts (IRAs) and 401(k) ...
IRS adjusts income reporting rules for third-party payment apps like Venmo, PayPal
Small businesses and freelancers using payment platforms like Venmo and PayPal will face new IRS reporting requirements this tax season.