Knowing when to issue which kind of 1099 form to someone you paid money to can be a mystery to small business owners, but we'll try to clear up any confusion.

A payment app or online marketplace is required to send you a Form 1099-K if the payments you received for goods or services total over $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.

Form 1099-K may have errors when nontaxable categories are included and the payer didn’t add a note about what the payment was for.

An amendment to the omnibus spending bill proposes increasing the threshold for filing Form 1099-K. getty Update: This amendment did not make it onto the list of amendments that were voted on when ...

Where Do I Report the Information on a 1099 Form? There are instructions on the back of the forms with information regarding why you received them, what each box on them reports and what you ...

On 2/6/24, the IRS released new and updated FAQs regarding Form 1099-K 2023 given that on November 21, 2023 (via Notice 2023-74) the IRS announced that calendar year 2023 would also be a ...

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.

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 has once again delayed the implementation of the $600 reporting threshold for Form 1099-K, but with a new twist.