2023 was going to be the first year in which people who earned at least $600 from online platforms like eBay, Etsy, Venmo and CashApp were going to receive 1099-K income tax forms. But right before ...

The Internal Revenue Service revised its frequently asked questions on the Form 1099-K to alleviate confusion this filing season. The Form 1099-K has been of particular concern in recent years after ...

The Internal Revenue Service said Tuesday it would postpone the $600 threshold for reporting transactions on Form 1099-K for the second year in a row, and begin to phase in a threshold of $5,000 ...

Payment apps such as Venmo, PayPal and Cash App were tasked under the American Rescue Plan of 2021 with sending 1099-K tax forms to the Internal Revenue Service (IRS) and to people who earned at least ...

It's tax season, and if you've received an unfamiliar income form this year, it might be a 1099 tax form. A 1099 form is used to document income received outside of a permanent salaried job. This ...

WASHINGTON, DC - MAY 19: Erin Collins, national taxpayer advocate at the Taxpayer Advocate Service speaks at a Senate Appropriations Subcommittee hearing on Capitol Hill May 19, 2021 in Washington, ...

The Internal Revenue Service updated its frequently asked questions Wednesday about Form 1099-K, the information return used for reporting transactions involving payment cards and third-party networks ...

The Internal Revenue Service expects to receive 30 million more Form 1099-K information returns in 2024 under a new lower threshold that was delayed last year, according to a new report. The report, ...

The Internal Revenue Service is planning to issue guidance as soon as today on whether special state tax refunds, rebates and payments from states like California, Virginia and others are taxable.