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.

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.

Form 1099-K may have errors when nontaxable categories are included and the payer didn’t add a note about what the payment was for.

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

If you're receiving payments on platforms like Venmo or PayPal, you'll likely get 1099-Ks at tax time. What are they and what do they mean for you.

The IRS will postpone the rule change until 2024. They originally planned to issue the 1099-K tax forms to those eligible by Jan. 31, 2023. For more information about the change, click here.

The IRS announced that it would delay the new $600 Form 1099-K reporting threshold for third-party settlement organizations for 2023.

An IRS 1099-K threshold change will impact millions of tax bills beginning with this filing season. But could a bigger change lie ahead?

1099-K tax rules: What to know if you get paid via Venmo or PayPal A change to the reporting requirements for IRS Form 1099-K will impact millions of taxpayers Updated Thu, Jan 30 2025 ...

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