Taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when transactions during ...

The IRS currently requires any third-party payment apps like Cash App and Venmo to send a 1099-K to the IRS and individuals ...

Interested in learning how to file your taxes for free? Did you recently receive a 1099-K form? Here's everything to know as ...

Direct File is a web-based service that works on mobile phones, laptops, tablets or desktop computers. It guides taxpayers ...

Payment platforms, apps and online marketplaces must issue a Form 1099-K to anyone who received $5,000 or more in payments on any single platform in 2024 to include with their tax return this tax ...

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.

On 12/19/24, anticipating the 2025 filing season, the IRS published Tax Preparation 2025 Useful Pointers in IR-2024-311: ...

On January 23, 2025, the New York Department of Financial Services (DFS) announced that it reached a $2,000,000 settlement as part of a ...

The IRS has established some reporting rules for income that's received on P2P payment platforms such as Venmo including ...

Payment apps are now required to send payment information to the IRS. If you use these apps you may owe taxes this year.

The millions of Americans with revenue-generating side hustles and casual sellers may be in for a big surprise this January—an unexpected tax form called the 1099-K. Payment platforms, apps and online ...