The Internal Revenue Service (IRS) has unveiled a sweeping update to income and transaction reporting requirements set to ...

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 currently ...

The Internal Revenue Service updated its frequently asked questions Wednesday about Form 1099-K, the information return used for reporting transactions involving payment cards and third-party networks ...

The 38-year-old preschool teacher turned speech-language pathologist will find something she doesn’t need from the back of her closet, snap a few pictures, and put it up for grabs on online ...

The Internal Revenue Service revised its frequently asked questions on the Form 1099-K to alleviate confusion this filing season. The Form 1099-K has been of particular concern in recent years after ...

The Internal Revenue Service said Tuesday it would postpone the $600 threshold for reporting transactions on Form 1099-K for the second year in a row, and begin to phase in a threshold of $5,000 ...

Many small businesses accept credit cards, debit cards, and money transfer app payments as payment options when customers purchase goods and services. If you're among them, you will likely receive ...

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 ...

"Whether or not you receive a Form 1099-K," the IRS states online, "you must still report any income on your tax return. This includes payments for any goods you sell (including personal items such as ...

2023 was going to be the first year in which people who earned at least $600 from online platforms like eBay, Etsy, Venmo and CashApp were going to receive 1099-K income tax forms. But right before ...

If you're a freelancer, business owner or someone who occasionally makes money on the side, you need to know about the new tax reporting requirement for PayPal, Venmo, Cash App and other third-party ...

WASHINGTON, DC - MAY 19: Erin Collins, national taxpayer advocate at the Taxpayer Advocate Service speaks at a Senate Appropriations Subcommittee hearing on Capitol Hill May 19, 2021 in Washington, ...