You should see this tax form if you were paid more than $5,000 in freelance income via third-party payment apps last year.

The threshold is currently set to drop again in 2025, which means you'd receive a 1099-K during next year's tax season if you have transactions for more than $2,500 this year. Common examples for ...

If you believe a payment listed on a 1099-K doesn’t reflect a true taxable gain — if it was a personal item sold at a loss, for example — gather receipts and other documentation to make your ...

If you're a freelancer, side hustler or business owner who gets paid via PayPal or Venmo for your services, expect big ...

Will you recognize the Form 1099-K when you receive it from one or more third-party marketplace providers this year?  A few ...

When sorting through your mail this tax season and set aside your important documents, you may receive a new form to your tax profile called a 1099-K. This is an income record which accounts for the ...

A new survey found that gig workers, or freelancers, aren’t prepared for the lower threshold for 1099-K income reporting, which could result in a higher tax bill, CPA Practice Advisor reports.

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 ...

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