If you earned over $5,000 or more in income via third-party apps, you should get a 1099-K to file with your tax return.

If you made $5,000 or more through PayPal, Venmo, Cash App or a similar platform, the IRS will now require these companies to issue tax form 1099-K detailing your earnings. This isn't a new tax ...

Online shopping sites like Etsy, and eBay, and payment network PayPal, among other companies want Congress to change the new $600 reporting threshold for IRS Form 1099-K. The rule, which won't ...

such as PayPal. For the most part, think payment app or online marketplaces. For the last few years, Form 1099-K required reporting when payments totaled more than $20,000 and more than 200 ...

The IRS has issued new guidelines for income received through payment apps like Venmo and PayPal. These rules will impact ...

Form 1099-K reporting requirements have created a lot of confusion, and it's understandable why. Many of those sellers haven’t received 1099-Ks before, so understanding the new rules is ...

Robert W. Wood is a tax lawyer focusing on taxes and litigation. If you call or write the payer asking for a Form 1099, the payer may issue it incorrectly. Alternatively, you may end up with two ...

Meanwhile, the IRS will not penalize anyone for failure to withhold or pay backup tax during the 2024 ... and payment apps were required to send out 1099-K forms to taxpayers who received more ...

If you made $5,000 or more through PayPal, Venmo, Cash App or similar platforms, the IRS will now require these companies to issue tax form 1099-K detailing your earnings. This isn't a new tax ...