A 1099-K form is issued by credit card companies and third-party settlement organizations (TPSOs) — think payment apps and online marketplaces (like Etsy and eBay) — and are reported to the IRS each ...

You might receive this document if you have freelance work, investment income, retirement distributions or other financial ...

But in 2025, that number is expected to soar. The IRS announced the reporting threshold for the 1099-K form will drop from $20,000 to $5,000 this tax filing season, plummeting each year until $600.

Most taxpayers depend on the same basic data to file returns. If you have a job, your employer must provide both you and the ...

If you said yes to any of these, be prepared to receive a 1099-K from the Internal Revenue Service. Asking yourself what's a 1099-K? Don't panic. Here's what you need to know about this tax from.

Income at or above those thresholds would trigger a Form 1099-K, or report of payments you received for goods or services during the year. The law was supposed to go into effect in 2022 but was ...

According to the IRS, for 2024, businesses and workers are required to report income of $5,000 or more from these apps. In ...

If you are among the millions of Americans who still haven't filed their taxes, here are some last-minute tips to keep in ...

(WXYZ) — I've been tracking identity theft cases since mid-February involving 1099-K forms received in the mail. Those cases have prompted me to request documents ...

WATCH OUR PREVIOUS COVERAGE WITH OXFORD WOMAN WHO HAD IDENTITY STOLEN AND THE STEPS TO FOLLOW Local woman learns her identity was stolen when she got a 1099-K; here's what to look out for It's all ...

Online shopping sites like Etsy, and eBay, and payment network PayPal, among other companies want Congress to change the new $600 reporting threshold for IRS Form 1099-K. The rule, which won't ...