When sorting through your mail this tax season and set aside your important documents, you may receive a new form to your tax ...
Taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when transactions during ...
Did you just receive a form called a 1099-K, a form that you never ... you're not going to face a tax bill. You lost $300 on that deal. On the other hand, the IRS notes, if you bought concert ...
A new survey found that gig workers, or freelancers, aren’t prepared for the lower threshold for 1099-K income reporting, which could result in a higher tax bill, CPA Practice Advisor reports.
You'll want to see any forms the IRS sees. Each Form 1099 is matched to your Social Security number, so the IRS can easily spew out a tax bill if you fail to report one. If you don’t include the ...
If you're a freelancer, side hustler or business owner who gets paid via PayPal or Venmo for your services, expect big changes this tax season. Third-party payment apps are now required to send ...
The millions of Americans with revenue-generating side hustles and casual sellers may be in for a big surprise this ...
Payment platforms, apps and online marketplaces must issue a Form 1099-K to anyone who received ... can help lower your income and overall tax bill. Self-employed and gig workers can often take ...
Knowing when to issue which kind of 1099 form to someone you paid money to can be a mystery to small business owners, but we'll try to clear up any confusion.