This guide details exactly what you need to file with the IRS when working with freelancers and other non-employee providers, explains why it’s important, and offers tips to help you avoid costly ...

The IRS in 2012 introduced Form 1099-K, Payment Card and Third-Party Network Transactions, which is used to report certain payment transactions to improve voluntary tax compliance.

Zelle doesn’t report to the IRS—but that doesn’t mean you’re off the hook. Learn the 2025 rules and how banks may flag your ...

For the 2025 tax year, the IRS requires third-party networks, such as payment apps and online marketplaces, to issue Form 1099-K if the aggregate payments received by a payee exceed $2,500 ...

The tax form 1099-C is used to record a cancellation of debt. While debt cancellation is good news for an individual or business, it still leads to more taxes. The IRS generally considers any ...

Federal taxpayers who earn income not subject to withholding may need to make estimated tax payments during the year.

Under updated IRS rules, third-party payment processors must now issue a 1099-K for total transactions exceeding $600 annually - a steep drop from the previous $20,000 threshold.