The Internal Revenue Service has released a clarification for how to report credit and debit card transactions on the new Form 1099-K information-reporting form. For tax year 2011 the IRS said on its ...

GREENSBORO, N.C. — Back in July, WFMY News 2 told you about the IRS's plan to send 1099-K forms to anyone who used a payment app last year and got a total of $600. The idea is to make sure any income ...

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 ...

No time is better than late summer to be optimistic about our sports teams, and season ticket holders who are eager to defray high costs could start thinking about selling some tickets at a profit to ...

Update: This amendment did not make it onto the list of amendments that were voted on when the Senate passed the bill on Thursday, December 22, 2022. The omnibus bill is being sent to the house where ...

New rules are yet again in store for 2025 sales of tickets and other goods and services online. Sellers flagged as 'business' or 'professional' sellers on platforms may get 1099-K forms at lower ...