FreshBooks users value the accounting software’s ease of use, and our hands-on testing agrees. The software’s straightforward invoicing, project tracking features and built-in time tracking ...

The good news is that it is not really difficult to report 1099 rental income. Along with the tax return Form 1040, you will generally file IRS Form 1099-MISC, which the IRS uses to keep track of ...

While the reporting threshold for Form 1099-MISC had been $600, Form 1099-K required reporting when payments totaled more than $20,000 and more than 200 transactions were settled through a third ...

Federal taxpayers who earn income not subject to withholding may need to make estimated tax payments during the year.

Under updated IRS rules, third-party payment processors must now issue a 1099-K for total transactions exceeding $600 annually - a steep drop from the previous $20,000 threshold.