The 1099-K form is a requirement for companies like ‘Venmo’ and ‘Etsy.’ It’s a law change that those with online businesses ...

IRS has released updates on 2025 tax return filing and key updates about a new form called 1099-K: here are all the updates ...

The IRS will begin processing 2024 tax returns sometime during late January 2025. The last day you can file your 2024 taxes ...

The IRS is now requiring freelancers to report payments of $5,000 and up received via third-party apps like CashApp, PayPal, ...

As a result of this delay, TPSOs will not be required to report the tax year 2022 transactions on a Form 1099-K to the IRS or the payee for the lower, $600 threshold amount enacted as part of the ...

You'll receive a Form 1099 if you earned money from a nonemployer source. Here are some common types of 1099 forms: For the 2023 tax year, third-party processors need to send you a 1099-K only if ...

freelancers and side hustlers may receive an unfamiliar form in the mail -- IRS tax form 1099-K. This story is part of Taxes 2025, CNET's coverage of the best tax software, tax tips and ...

But in 2025, that number is expected to soar. The IRS announced the reporting threshold for the 1099-K form will drop from $20,000 to $5,000 this tax filing season, plummeting each year until $600.

Robert W. 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 ...

Each Form 1099 is matched to your Social Security number, so the IRS can easily issue a tax bill if you fail to report one.