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 ...

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 ...

On 2/6/24, the IRS released new and updated FAQs regarding Form 1099-K 2023 given that on November 21, 2023 (via Notice 2023-74) the IRS announced that calendar year 2023 would also be a transition ...

The Internal Revenue Service issued updated frequently asked questions on Form 1099-K on Oct. 23, 2025, clarifying reporting ...

The Internal Revenue Service (IRS) released an updated frequently asked questions document for taxpayers and tax professionals this week regarding Form 1099-K, which is used to report income for ...

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 ...

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 ...

Form 1099-K is an IRS information return used to report certain payments to improve voluntary tax compliance. The requirement to file a Form 1099-K can be triggered when payments are received for ...

Last year, a new $600 threshold for sending a Form1099-K to report payments made through Venmo, PayPal, Amazon, Square, CashApp, and other "third-party settlement organizations" was established for ...

Under a new federal law enacted in 2021 (the “American Rescue Plan” or the “New Law”), Venmo, Pay Pal, Cash App, Etsy, eBay and other e-commerce platforms are now required to send individual users ...

The Internal Revenue Service on Friday postponed the introduction of a $600 threshold for filing a Form 1099-K to report on transactions involving services such as eBay, PayPal, Venmo, Etsy and ...

The IRS on Friday announced a delay in the $600 reporting threshold for third-party settlement organizations, which had been in effect for the 2022 calendar year. As a result, the IRS says third-party ...