A 1099-K form is a relatively new IRS income tax form that freelancers and business owners who earned more than $5,000 through third-party payment platforms in 2024 may receive.

A payment app or online marketplace is required to send you a Form 1099-K if the payments you received for goods or services total over $5,000.

Whether you receive a Form 1099-K or not, if you received taxable income from the sales of goods or services, you’ll need to report it on your tax return. What if you get an incorrect 1099-K?

If you sell goods or services or rent property, and get paid through Venmo, PayPal, Cash App or another payment app, you may have been surprised by a Form 1099-K this year.

If you sell goods or services or rent property, and get paid through Venmo, PayPal, Cash App or another payment app, you may have been surprised by a Form 1099-K this year. Here’s why you might ...

TAMPA, Fla. (WFLA) — Clint and Lebra Johnson were stunned when they received a 1099-K tax form in the mail that showed Clint collected $9,306.57 through 427 transactions, all in November. The ...

My wife and I have $7,000 in pensions, $140,000 cash, plus $3,500 in Social Security. Can we afford to retire? Unexpected reuse of plastic bottles into a useful greenhouse for your plants 🪴 ...

When sorting through your mail this tax season and set aside your important documents, you may receive a new form to your tax profile called a 1099-K. This is an income record which accounts for ...

New research from tax automation provider Avalara found 61% of gig economy workers are unaware of recently lowered 1099-K reporting thresholds aimed at capturing unreported online sales income, Nearly ...

Millions more taxpayers will be receiving the Form 1099-K in the mail this year for the first time if they were paid $5,000 or more last year.

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