Use Venmo, PayPal? Why you're being sent a 1099-K this tax season
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 ...
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A Tax Expert's Warning: Don't Make This Costly Mistake if You Receive a 1099-K
Because of how IRS computer systems are configured, the IRS computers will not detect an over-reporting of income and send ...
Filing LLC Taxes For The First Time? Here’s What You Need To Know
There isn’t a simple guide to follow because an LLC can take many different forms. Luckily, there are some aspects that every ...
Audit Triggers For LLC Business Owners To Avoid
Understanding what not to do is crucial to avoid an audit. Below, I’ll share several actions LLC business owners make that ...
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1099-K tax rules: What you need to know if you get paid via Venmo, Cash App or PayPal
If you do receive a 1099-K, you’ll want to check to make sure that only taxable income is included on the form. (See below for how to deal with incorrect 1099-Ks.) The income threshold for Form ...
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Venmo, Cash App and PayPal 1099-K forms: What you need to know this tax season
If you do receive a 1099-K, you’ll want to check to make sure that only taxable income is included on the form. (See below for how to deal with incorrect 1099-Ks.) The income threshold for Form ...