The 1099-K tax form is a critical document for individuals earning income through third-party payment platforms. This form reports income from non-permanent jobs, such as side hustles, freelance work, ...
In the upcoming 2025 tax season, if you've received more than $5,000 in payments for goods or services via digital platforms like Stripe, Venmo, PayPal, or Cash App during 2024, you will be issued a ...
Under the new law, reporting thresholds for Form 1099-K (for payment card and third-party network transactions), Form 1099-MISC (for payments not covered by other 1099 forms), and Form 1099-NEC (for ...
Form 1099-K is used to report payments received for goods or services processed through payment apps, online marketplaces, and credit cards. The IRS has issued FAQs to explain when you might get one.