money received from friends and family as a gift or repayment for a personal expense should not be reported on a Form 1099-K. The payments aren't taxable. Here are some examples of non-business ...

A 1099-K form is issued by credit card companies and third-party settlement organizations (TPSOs) — think payment apps and online marketplaces (like Etsy and eBay) — and are reported to the IRS each ...

Don’t delay filing your tax return even if your 1099-K is incorrect, the IRS said. For example, if the taxpayer ID on your 1099-K is incorrect, enter the amount of the 1099-K on your return as ...

Online shopping sites like Etsy, and eBay, and payment network PayPal, among other companies want Congress to change the new $600 reporting threshold for IRS Form 1099-K. The rule, which won't ...

But in 2025, that number is expected to soar. The IRS announced the reporting threshold for the 1099-K form will drop from $20,000 to $5,000 this tax filing season, plummeting each year until $600.

(WXYZ) — I've been tracking identity theft cases since mid-February involving 1099-K forms received in the mail. Those cases have prompted me to request documents ...