The 'One Big Beautiful Bill Act' (OBBBA), signed by President Trump on July 4, 2025, introduces a groundbreaking change for ...

Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling ...

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

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.

Understanding Form 1099-K, including verifying its accuracy and using it to properly report your income, is crucial. Here's what you need to know to stay compliant and avoid tax surprises.

The law was supposed to go into effect in 2022 but was delayed twice because financial firms complained it couldn’t get its systems ready to send people a 1099-K at that $600 threshold in time ...

If you receive a 1099-K that you shouldn’t have, you should contact the issuer immediately, the IRS said. Under "Filer" on the top left corner of Form 1099-K, you can find the name and contact ...

Say you paid $6,000 for concert tickets and resold them online for $5,500, according to an example in Ms. Collins’s blog. You’ll get a Form 1099-K reporting gross payments of $5,500.