If you received a total of $5,000 or more through a payment app in 2024, that company is now required to report that amount ...

The IRS has introduced significant changes to Form 1099-K reporting, affecting millions who use payment apps. These changes could lead to higher taxes and potential loss of refunds for many taxpayers.

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.

Taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when transactions during 2024 was more than $5,000.

If you received more than $5,000 for online sales of “goods or services” in 2024, you might get a Form 1099-K. Don’t ignore ...

Last year, the Internal Revenue Service announced a phased rollout of reporting requirements for businesses who receive at least some of their income through third-party payment apps.

When sorting through your mail this tax season and set aside your important documents, you may receive a new form to your tax profile called a 1099-K. This is an income record which accounts for the ...

For this first year, the minimum is $5,000 — so if you earned at least that much via a payment app in 2024, you (and the IRS) should receive a Form 1099-K. Form 1099-K How does the "$600 rule" work?

You could receive Form 1099-K for business payments from Venmo or PayPal this season. Here’s what taxpayers need to know.

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 ...