Did you just receive a form called a 1099-K, a form that you never, ever saw in your lifetime? Well, do not ignore any 1099-K that pops up. Take your time to understand this one. More taxpayers will ...

Many small businesses accept credit cards, debit cards, and money transfer app payments as payment options when customers purchase goods and services. If you're among them, you will likely receive ...

The Internal Revenue Service revised its frequently asked questions on the Form 1099-K to alleviate confusion this filing season. The Form 1099-K has been of particular concern in recent years after ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. Editor’s Note: Taxpayers who received 1099-K ...

The 38-year-old preschool teacher turned speech-language pathologist will find something she doesn’t need from the back of her closet, snap a few pictures, and put it up for grabs on online ...

The Internal Revenue Service said Tuesday it would postpone the $600 threshold for reporting transactions on Form 1099-K for the second year in a row, and begin to phase in a threshold of $5,000 ...

If you're a freelancer, business owner or someone who occasionally makes money on the side, you need to know about the new tax reporting requirement for PayPal, Venmo, Cash App and other third-party ...

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 ...

WASHINGTON, DC - MAY 19: Erin Collins, national taxpayer advocate at the Taxpayer Advocate Service speaks at a Senate Appropriations Subcommittee hearing on Capitol Hill May 19, 2021 in Washington, ...

Tax Day is approaching, and soon it will be time to begin assembling forms. If you haven't looked at them yet, all those numbers and letters – W-2, W-9, 1099 – can easily overwhelm you. Some forms are ...

Editor’s Note: Taxpayers who received 1099-K forms this year do not have to report payments of less than $600 for the 2022 tax year. They may have to report that tax information for the 2023 tax year.