The Internal Revenue Service (IRS) is set to introduce a pivotal change in income reporting through third-party payment apps.

If you earn money through a side hustle, run a small business, or get paid through apps like Venmo, PayPal, or Cash App, or sites like eBay, you’ve probably come across a lot of mixed messages about ...

Portland, OR, USA - Jan 5, 2022: Third-party payment apps now have to report transactions more than USD600 to the IRS. Taxpayers who engage in online sales may have dodged a reporting bullet in early ...

Self-employed people who send and receive payments using things like PayPal, Venmo and CashApp get a special tax form, called a 1099-K. Usually though, they’d only receive one if they made at least ...

If you freelance, side hustle or sell products online, you're most likely familiar with the Form 1099-K. It's a form that specifically reports card payments and transactions from online platforms, ...

Did you just receive a form called a 1099-K, a form that you never, ever saw in your lifetime? Well, do not ignore any 1099-K that pops up. Take your time to understand this one. More taxpayers will ...

(NewsNation) — Fewer side hustlers who get paid through such apps as Venmo or PayPal will get a tax form this year, but the IRS still expects them to report the money they made. “Even if you don’t get ...

Editor’s Note: The IRS advises that taxpayers who receive incorrect Forms 1099-K request a corrected form from the issuer. The name and contact information of the issuer is listed under “filer” on the ...

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 popular ...