Taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when transactions during ...
Last year, the IRS announced a phased rollout of reporting requirements for businesses who receive at least some of their ...
Did you just receive a form called a 1099-K, a form that you never, ever saw in your lifetime? Well, do not ignore any 1099-K that pops up. Take your time to understand this one. More taxpayers ...
The Form 1099-K is meant to report income from payment apps (like Venmo or Paypal), as well as from online marketplaces or ...
Before 2020, all nonemployee compensation was reported in box 7 on Form 1099-MISC. Form 1099-NEC was resurrected in 2020 to address confusion related to dual-filing deadlines of Jan. 31 and March ...
Although the new Outlook lacks many tools compared to its predecessor, classic Outlook, one feature that has been carried ...
With just two days left until the critical January 31, 2025, deadline, businesses must act quickly to file Forms 1099 and W-2 with the IRS, SSA, and state agencies. Equally important, this date marks ...
By the time you start getting statements in the mail, it’s too late to make changes for most of the things on the tax return you’re about to file. The exceptions are making a traditional IRA or Roth ...
Anyone who earned more than $5,000 in 2024 selling tickets, musical instruments or other goods and services online should expect to get a 1099-K tax form this month. Online platforms such as ...
Millions of Americans receive 1099-Ks from third-party payment platforms like PayPal, Venmo, Stripe, and more every year. But in 2025, that number is expected to soar. The IRS announced the ...