New Rules for Form 1099-K For the 2023 tax year, third-party payment processors only needed to send out 1099-Ks if account holders conducted more than 200 transactions totaling at least $20,000 in ...

If you regularly make over $20,000 in freelance income, are paid through Venmo, and receive more than 200 transactions in payments, you may have received a 1099-K tax form before.

You just won't receive a 1099-K form from third-party apps unless you receive over $20,000 in payments across over 200 transactions in 2023.

Form 1098-MA shows any mortgage assistance you received in 2023 and usually doesn't need to be reported. Form 1098-F shows court-ordered fines and penalties, which are not tax deductible.

So, for 2023 taxes, 1099-NEC forms are due to your independent contractors by January 31, 2024 (or the next business day if that date falls on a weekend or holiday). 1099-NEC vs. 1099-MISC forms ...

All the winning photos can be viewed online, or at an exhibition held at the NEC in Birmingham, UK from March 16-19 and at Xposure in Sharjah, UAE.

Add up all the income you earned in 2023, which will be on those 1099-NEC forms and maybe a 1099-K or possibly a 1099-MISC form. Then subtract your business expenses.

This year we revisited an ancient Car and Driver test, completed a 381-mile audit on an EPA claim, and named a $21,000 crossover to our 10Best list.