Millions of Americans receive 1099-Ks from third-party payment platforms like PayPal ... The IRS announced the reporting threshold for the 1099-K form will drop from $20,000 to $5,000 this ...

You might receive this document if you have freelance work, investment income, retirement distributions or other financial ...

The Internal Revenue Service (IRS) is set to introduce a pivotal change in income reporting through third-party payment apps. Under the new 1099-K reporting rule, platforms such as PayPal ...

The regulatory environment for digital assets will have significant implications for state-level reporting requirements.

In a letter to congressional finance leaders, the AICPA listed increasing the threshold to $10,000 as one of its priorities.

While the exact amount is up for debate, the IRS estimates that it loses billions of dollars each year due to taxpayers ...

If you're one of them, how you report this form on your tax return could accidentally trigger an overpayment to the IRS. You'll receive a 1099-K form if you use a third-party payment service ...

For example, if a person earned $3,000 through PayPal and $2,600 through Venmo, they made a total of $5,600 in taxable income ...

Form 1099-K is a report of payments you got for goods or services during the year from credit, debit or stored value cards such as gift cards or payment cards, and third-party payment apps or ...

A 1099-K form is issued by credit card companies and third-party settlement organizations (TPSOs) — think payment apps and ...

For example, you’ll receive a 1099 reporting withdrawals from 529s and ... 1099-K reports payments you received from third-party processors — like Venmo or PayPal — for sales of goods ...

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 do they mean for you.