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 ...

Why you might receive a 1099-K for the first time. A 1099-K form is a relatively new IRS income tax form that freelancers and busines ...

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

Form 1099-K must be sent to taxpayers by Jan. 31 of the ... Ultimately, the IRS postponed the new reporting requirements in 2022 and 2023, allowing more time for the payment apps, officially ...

Form 1099-K must be sent to taxpayers by Jan. 31 of the ... Ultimately, the IRS postponed the new reporting requirements in 2022 and 2023, allowing more time for the payment apps, officially ...

A 1099-K is a tax form that reports income received via a third ... Originally set to kick off at the beginning of 2022, the IRS planned to implement a new reporting rule that would require ...

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.

A 1099-K form is a relatively new IRS income tax form ... $20,000 worth of transactions through the payment processor. In 2022, the IRS announced it would lower this reporting threshold.