The Form 1099-K is meant to report income from payment apps (like Venmo or Paypal), as well as from online marketplaces or ...

Taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when transactions during ...

Direct File is a web-based service that works on mobile phones, laptops, tablets or desktop computers. It guides taxpayers ...

Last year, the Internal Revenue Service announced a phased rollout of reporting requirements for businesses who receive at ...

Your prior year return will give you a good starting point for figuring out what documents you need to have handy to fill out ...

Millions more taxpayers will be receiving the Form 1099-K in the mail this year for the first time if they were paid $5,000 ...

The law will not affect the amount of taxes owed, but it will change how you report income with 1099-K forms. Those who received more than $5,000 in payments for goods and services through an ...

Direct File is not mandatory. The 1099-K form is a report of payments you received for goods and services during the year from credit cards, debit cards or payments and online marketplaces.

You would have to have pushed above that $5,000 threshold in 2024 to receive a 1099-K for this tax season. The American Rescue Plan Act of 2021 revamped reporting requirements for third-party ...

The law will not affect the amount of taxes owed, but it will change how you report income with 1099-K forms. Those who received more than $5,000 in payments for goods and services through an ...