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.

Taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when transactions during 2024 was more than $5,000.

As tax season approaches in 2025, individuals receiving over $5,000 in payments for goods or services through digital platforms in 2024 must prepare to receive a 1099-K form.

Michigan residents do not qualify this year for Direct File, but other free programs are out there. Did you just receive a new form called a 1099-K, a form that you never, ever saw in your lifetime?

What to do with that Form 1099-K More taxpayers will be bewildered when a 1099-K hits the mailbox this tax season. And the temptation might be to pitch it, which would be exactly the wrong thing ...

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.

An IRS 1099-K threshold change will impact millions of tax bills beginning with this filing season. But could a bigger change lie ahead?

Those who received more than $5,000 in payments for goods and services through an online marketplace or payment app in 2024 should expect to receive a Form 1099-K PDF in January 2025.

Taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when transactions during 2024 was more than $5,000.