Because of how IRS computer systems are configured, the IRS computers will not detect an over-reporting of income and send ...

Many employers are likely familiar with Form 1099-MISC. For years, business owners used it to report payments for rent, royalties, medical and healthcare payments and other nonemployee payments.

Many delivery workers are part of the gig economy. - Yuki Iwamura/Bloomberg. Taking on a gig job means taking on new tax ...

If you received a total of $5,000 or more through a payment app in 2024, that company is now required to report that amount ...

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.

A 1099-K form is a relatively new IRS income tax ... for banks and payment processors to help the IRS combat tax evasion by self-employed individuals. The IRS estimated that the government was ...

The day none of us want to think about is steadily approaching —Tax Day 2025. If you want to get a head start, filing is open ...

If you use payment apps like Venmo, Cash App or PayPal for more than just splitting a bill, there could be some important ...

The 1099-K form reports payments for goods ... these must be reported on your tax return. Freelancers, gig workers and self-employed people generally report income on Schedule C of their income ...