If you're receiving payments on platforms like Venmo or PayPal, you'll likely get 1099-Ks at tax time. What are they and what ...
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 ...
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 ...
Some gig workers get a 1099-K in the mail. CPA and TurboTax Expert Miguel Burgos explains what the form is, who gets it and ...
Some payment processors may issue an erroneous 1099-K. For example, if your friends frequently reimburse you through Venmo for dinners out, Venmo may mistakenly flag your account as a business ...
You'll receive a 1099-K form if you use a third-party payment service, such as PayPal, Venmo or CashApp, to receive freelance income and you earned $5,000 or more via these platfo ...
There's no doubt that payment apps like Venmo are a convenient way to send and receive payments, but many don't know that ...
The sooner you finish your taxes, the sooner you'll receive your tax refund, if you have one coming. But even if you do tend to wait until the last moment or plan on filing an October 15 ...
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The IRS kicked off its tax season Jan. 27 and has issued statistics through Feb. 21. Both tax professionals and do-it-yourselfers seem to be lagging a bit when it comes to filing early returns.