If you received a total of $5,000 or more through a payment app in 2024, that company is now required to report that amount ...

Taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when transactions during 2024 was more than $5,000.

When sorting through your mail this tax season and set aside your important documents, you may receive a new form to your tax ...

Navigating the complexities of tax reporting can be daunting, especially for freelancers and those with side hustles. The 1099-K form plays a crucial role in reporting income from third-party payment ...

You should see this tax form if you were paid more than $5,000 in freelance income via third-party payment apps last year.

When sorting through your mail this tax season and set aside your important documents, you may receive a new form to your tax profile called a 1099-K. This is an income record which accounts for the ...

Forms 1099 can be wrong. Say you were paid a consulting fee of $30,000, but the 1099 you receive is for ten times that, ...

and initiating a no tax on tips rule. Granted, the IRS has noted, that all income, no matter the amount, is taxable unless it’s excluded by law whether a Form 1099-K is sent or not. What ...

The Form 1099-K is meant to report income from payment apps (like Venmo or Paypal), as well as from online marketplaces or gift cards. Third-party payment services send this form to taxpayers who ...