Why you might receive a 1099-K for the first time. A 1099-K form is a relatively new IRS income tax form that freelancers and ...

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

If you sell goods or services or rent property, and get paid through Venmo, PayPal, Cash App or another payment app, you may ...

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

If you received more than $5,000 for online sales of “goods or services” in 2024, you might get a Form 1099-K. Don’t ignore ...

Forms 1099 can be wrong. Say you were paid a consulting fee of $30,000, but the 1099 you receive is for ten times that, ...

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

Many taxpayers could receive Form 1099-K for the first time this season, according to the National Taxpayer Advocate. If you had more than $5,000 in business transactions from apps such as PayPal ...

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 ...