Freelancers, side hustlers and contractors who were payed through services like PayPal, Venmo or Cash App this year may ...

If you receive income through a third-party payment platform, new IRS regulations enforce reporting it. Here's what to know ...

Wood is a tax lawyer focusing on taxes and litigation. Closeup of Form 1099-K, Payment Card and Third Party Network Transactions, an IRS information return ... [+] used to report certain payment ...

Income reported on a 1099 form is usually taxable, but not always. The IRS also receives copies of your 1099 forms, and you’ll probably receive a notice from the IRS if you don’t report ...

The brokerage that handled the transaction would file a 1099-B form with the IRS to report the sale and resulting money it paid to you. They would also send you a copy of the form with all the ...

Robert W. Wood is a tax lawyer focusing on taxes and litigation. IRS Forms 1099 allow computer matching of Social Security numbers and dollar amounts paid. That makes it possible for IRS ...

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 ...

The IRS refers to these and similar payment apps and online marketplaces as third-party settlement organizations (TPSOs). The 1099-K contains information for your tax return about the gross amount ...

Form 1099-K, Payment Card and Third-Party Network Transactions is an IRS form used to report credit/debit card transactions and third-party network payments. The IRS planned to implement changes ...

If your small business is ready to hire extra help, you have two options to consider: 1099 workers or W-2 employees. These two classifications refer to the respective IRS forms employers are required ...

Form 1099-K isn't new, but it has been getting more attention due to a recent IRS rule change. The 1099-K reports payments and transactions from online platforms, payment card processors and apps ...