If you buy something from a Polygon link, Vox Media may earn a commission. See our ethics statement. Clayton Ashley, senior video editor, has been producing and editing videos for Polygon since ...

Income at or above those thresholds would trigger a Form 1099-K, or report of payments you received for goods or services during the year. The law was supposed to go into effect in 2022 but was ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation.

This is the second time the IRS has delayed implementing the 1099-K $600 tax reporting rule. So, instead, for the 2023 tax year, a previous rule involving a much higher $20,000/200 transaction ...

Form 1099-K reporting requirements have created a lot of confusion, and it's understandable why. Many of those sellers haven’t received 1099-Ks before, so understanding the new rules is ...

What Is Form 1099-OID: Original Issue Discount? Form 1099-OID: Original Issue Discount is an Internal Revenue Service (IRS) form that taxpayers receive if their taxable income for the year ...