Because of how IRS computer systems are configured, the IRS computers will not detect an over-reporting of income and send ...

A payment app or online marketplace is required to send you a Form 1099-K if the payments you received for goods or services ...

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 ...

Now that tax season is here, it's possible you'll receive a 1099-K for money that isn't income. For example, if your roommate pays you $1,000 a month via Venmo for rent, it's possible Venmo would ...

For example, freelancers ... you’ll receive a 1099-INT. 1099-K: If you received $5,000 or more of business income or payments for goods and services via credit card or a third-party payment ...

So, personal transactions like sharing the cost of a meal, ride, or giving a gift to celebrate a birthday or holiday, for example, shouldn’t be reported on a Form 1099-K. However, the IRS says ...

If you sell goods or services or rent property, and get paid through Venmo, PayPal, Cash App or another payment app, you may have been surprised by a Form 1099-K this year. Here’s why you might ...

If you receive a 1099-R, keep in mind that not all distributions from retirement or tax-deferred accounts are subject to tax. One example is a direct rollover from a 401(k) plan to an IRA.

Here’s what to know about Form 1099-K: If you bought several concert tickets, for example, and resold them online at a markup, you could potentially meet the 2024 threshold for getting the form ...

Will you recognize the Form 1099-K when you receive it from one or more third-party marketplace providers this year? A few years ago, the IRS implemented new reporting requirements for many ...

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 ...