You should see this tax form if you were paid more than $5,000 in freelance income via third-party payment apps last year.

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 ...

Will you recognize the Form 1099-K when you receive it from one or more third-party marketplace providers this year?  A few ...

You would have to have pushed above that $5,000 threshold in 2024 to receive a 1099-K for this tax season. The American Rescue Plan Act of 2021 revamped reporting requirements for third-party ...

A provision in the American Rescue Plan Act lowered the 1099-K reporting requirement and it’s highly likely that the new Congress will look to raise it back to the previous threshold of $20,000 ...

If you're a freelancer, side hustler or business owner who gets paid via PayPal or Venmo for your services, expect big ...

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.

Millions more taxpayers will be receiving the Form 1099-K in the mail this year for the first time if they were paid $5,000 or more last year.

73% of gig workers said they did not know about the new $5,000 reporting threshold. The survey also found that 61% were unaware that 1099-K rules were changing at all. It’s the latest indication ...

The 1099-K change means these casual online sellers, gig workers, freelancers and small business owners whose online transactions met the new reporting threshold for the first time in 2024 could ...