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

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

Previously, most sellers had to report when their sales reached $20,000 a year. But the IRS is slowly lowering that threshold ...

The agency is cracking down on unreported income from online sales.

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

Now, millions more Americans will receive the form compared to previous years, the paper reports. While taxpayers are always ...

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 ...

IRS Form 1099-K could be in your future if you sold items via online marketplaces like eBay and Venmo. Here’s what you need ...