New Rules and Lower Thresholds Put Freelancers, Gig Workers, and Online Sellers at Greater Audit Risk IRVINE, CA / ACCESS Newswire / June 9, 2025 / The IRS is tightening its focus on digital payments ...

Under updated IRS rules, third-party payment processors must now issue a 1099-K for total transactions exceeding $600 annually - a steep drop from the previous $20,000 threshold.

"We've seen clients receive 1099-K forms for transactions that weren't income at all," said the Head of Client Solutions. "That's why it's critical to keep clear records and respond properly ...

"We've seen clients receive 1099-K forms for transactions that weren't income at all," said the Head of Client Solutions. ... How Clear Start Tax Helps Digital Earners Stay Compliant.

One supporter of a lower threshold for 1099-K tax forms says the issue could come back in the future due to the massive growth in gig work. Published: June 15, 2025 at 1:00 p.m. ET.

With more than 1,000 pages of text, the version of the Republican tax-and-spending megabill passed by the House of Representatives last month is chock-full of provisions - including one that ends an ...

Zelle doesn’t report to the IRS—but that doesn’t mean you’re off the hook. Learn the 2025 rules and how banks may flag your ...

MDST offers high, steady monthly income from midstream energy assets, with a 10% yield and no K-1 tax forms for investors.

Clear Start Tax Breaks Down Common Filing Mistakes, Hidden Income Triggers, and What Freelancers Can Do to Avoid IRS Trouble ...

The version of the Republican megabill passed by the House last month includes a provision that ends an effort to get 1099-K tax forms out to workers or sellers who have earned more than $600 a year.