The IRS announced the reporting threshold for the 1099-K form will drop from $20,000 to ... adding to the chaos at the federal tax agency. Here’s what it means for you. By Gabriella Cruz ...

However, even if you don’t receive a 1099-K form, any profit from the sale of tickets or other goods or services is taxable – so you’ll still need to report it on your federal income tax return.

TROY, Mich. (WXYZ) — I've been following an identity theft dilemma with a tax season twist. It all started with an Oxford ...

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

If you sell goods or services or rent property, and get paid through Venmo, PayPal, Cash App or another payment app, you may have been surprised by a Form 1099-K this year. Here’s why you might ...

Income at or above those thresholds would trigger a Form 1099-K, or report of payments you received for goods or services during the year. The law was supposed to go into effect in 2022 but was ...

Form 1099-K reporting, Social Security, unemployment benefits, filing for an extension, borrowing and making distributions ...

1099-K: If you received $5,000 or more of business ... your income isn't reported on a 1099 but on a W-2 form instead. Federal: $69 to $129. Free version available for simple Form 1040 returns ...

If you sell goods or services or rent property, and get paid through Venmo, PayPal, Cash App or another payment app, you may have been surprised by a Form 1099-K this year. Here’s why you might ...

Interest income reported on Form 1099-INT must be included on your federal tax return. For most taxpayers, this income is reported on Schedule B (Form 1040) if the total exceeds $1,500.