Previously, only self-employed workers who netted at least $20,000 through Venmo, PayPal, CashApp, Stripe and similar apps received a 1099-K, which is used to report income from payment apps ...
Did you just receive a form called a 1099-K, a form that you never, ever saw in your lifetime? Well, do not ignore any 1099-K that pops up. Take your time to understand this one. More taxpayers ...
Third party payment platforms are required to send you a 1099-K tax form if you made more than $5,000 on the platform in 2024. This reporting change will give the IRS a clearer picture of how ...