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You Could Owe Taxes This Year if You're Paid Through Venmo, PayPal or Cash App. Here's Why
Why was the IRS's 1099-K tax rule delayed? Originally set to kick off at the beginning of 2022, the IRS planned to implement ...
Kiplinger2 年
New IRS 1099-K Changes: What to Expect from PayPal, Venmo, More
Form 1099-K reporting requirements have created a lot of confusion, and it's understandable why. Many of those sellers haven’t received 1099-Ks before, so understanding the new rules is ...
CNET10 天
You Could Owe Taxes This Year if You're Paid Through Venmo, PayPal or Cash App. Here's Why
Why was the IRS's 1099-K tax rule delayed? Originally set to kick off at the beginning of 2022, the IRS planned to implement a new reporting rule that would require third-party payment apps ...
Kiplinger1 年
Another IRS 1099-K Tax Change for Online Sellers
For 2023 (the federal income tax returns you’ll file in early 2024), a much higher $20,000/200 transaction 1099-K reporting threshold applies as it did for the 2022 tax year. The IRS plans to ...
Black Enterprise10 天
Gig Workers May Be Unprepared For 2025 Tax Season
A new survey found that gig workers, or freelancers, aren’t prepared for the lower threshold for 1099-K income reporting, which could result in a higher tax bill, CPA Practice Advisor reports.