Tennessee has become the second state to offer portable benefits to 1099 workers, providing access to health insurance and ...

Federal taxpayers who earn income not subject to withholding may need to make estimated tax payments during the year.

There are exceptions to 1099 reporting requirements. A big one is that you don't send a 1099 form to a corporation that's done work for you unless you're paying for health care or legal services.

Those payments shouldn’t generate a tax form and trigger an income tax bill if you mark them as such, but mistakes happen. If you receive a 1099-K that you shouldn’t have, you should contact ...

What are some examples of why I'm getting a 1099-K? A payment app or online marketplace like Zelle, Apple Pay, Cash app, etc., must send you a Form 1099-K if the payments you received for goods or ...

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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 will ...

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 ...

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

Under the old standard, the 1099-K was only sent to those who had received more than $20,000 and had more than 200 transactions on third-party payment processing platforms in 2023 and earlier years.

1099-K forms must be supplied to you on or before Jan. 31 to be used when you file a 2024 tax return this year. Next year, more people are going to be body slammed with 1099-K forms.

The new tax reporting rule requires platforms like PayPal, Venmo, and CashApp to issue tax form 1099-K for earnings exceeding $5,000, CNET reports. While it’s not a new rule for freelancers, it ...