The income threshold for Form 1099-K was lowered to $600 as part of the American Rescue Plan Act (ARPA) of 2021. Prior to ARPA’s passage, only total payments of $20,000 or more, and more than ...

Learn which payment apps report transactions to the IRS, including Zelle, Venmo, and CashApp. Understand how reporting ...

If you get a Form 1099-K this year, “the No. 1 thing is ... in the American Rescue Plan legislation that Congress passed in 2021. Then, in November, the I.R.S. announced that it would stagger ...

You owe taxes if you use Venmo for work or selling items for a profit, but the IRS is phasing in the implementation of a new ...

In 2024, the threshold for reporting income from online sales transactions dropped from $20,000 to $5,000, and to $2,500 for ...

The president’s praise of the Pakistani government for its role in capturing a “top terrorist” signaled a possible ...

Social media has been buzzing with posts about taking tax deductions for your pet. But are they true? Can Fido or Fluffy ...

This story was updated on March 8th with new Galaxy S25 Ultra sale details. Samsung wouldn’t let the iPhone 16e steal the ...

Nicholas Mirkay, Associate Dean for Academic Affairs and Professor of Law at the William S. Richardson School of Law, joins ...

In 2024, the IRS began rolling out a new reporting requirement for payment apps, part of the American Rescue Plan Act of 2021, modifying ... they will receive a 1099-K form, requiring them to ...