1099-K tax rules: What to know if you get paid via Venmo or PayPal A change to the reporting requirements for IRS Form 1099-K will impact millions of taxpayers. Updated Thu, Jan 30 2025.

This year, taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when the amount of their business transactions during 2024 was more than $5,000.

The 1099-K is an important form when you report business income on your tax return. It contains a lot of information, so verify that everything on the form is correct.

Taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when transactions during 2024 was more than $5,000.

Taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when transactions during 2024 was more than $5,000.

For the second year in a row, the IRS has decided to postpone implementation of a rule change that might have resulted in 44 million more 1099-K forms being sent in January to tax filers who ...

The IRS announced the reporting threshold for the 1099-K form will drop from $20,000 to $5,000, plummeting each year until $600.. As Kiplinger has reported, the new IRS 1099-K reporting change was ...

The IRS announced a delay in the 1099-K reporting threshold. Lisa Greene-Lewis, CPA and TurboTax tax expert, explains what you need to know for your 2022 taxes.

If You Dread the IRS Now, Wait Until You Get a 1099-K. Under a new law, many more transactions are being tracked. Next tax season will be a nightmare. By . Ryan Ellis. Share. Resize. Listen ...