The regulatory environment for digital assets will have significant implications for state-level reporting requirements.
We've been following an identity theft dilemma with a tax season twist, with several Metro Detroiters having their identity ...
Kell Canty, CEO of Ledgible, tells TheStreet Crypto: “Starting for calendar year 2025, brokers must issue a 1099-DA with ...
Because of how IRS computer systems are configured, the IRS computers will not detect an over-reporting of income and send ...
If you're receiving payments on platforms like Venmo or PayPal, you'll likely get 1099-Ks at tax time. What are they and what ...
The key to Forms 1099 is the IRS' computerized matching. The IRS matches each 1099 with your tax return based on your Social ...
It’s worth noting that you won’t receive any kind of 1099 if your earnings were less than $10. You’re still required to report those earnings to the IRS on your tax return, however.
As interest in crypto asset builds among wealthy clients, the IRS has changed how must taxpayers report the holdings and has made cryptocurrency transactions subject to third-party reporting—meaning ...
Asking yourself what's a 1099-K? Don't panic. Here's what you need to know about this tax from. The IRS said the 1099-K form is a report of payments you received for goods or services during the ...
and there’s no minimum transaction requirement. And that threshold amount is slated to drop even more, with even more people likely to receive 1099-Ks next year: The $5,000 reporting threshold ...
and there’s no minimum transaction requirement. And that threshold amount is slated to drop even more, with even more people likely to receive 1099-Ks next year: The $5,000 reporting threshold ...