Form 1099-K

IRS Delays Imposing $600 Threshold for Reporting Income From Apps

The IRS has relented to pressure and decided to delay imposing the new $600 reporting threshold for income from 3rd party apps like PayPal and Venmo.

November 21, 2023BY Tom Ozimek
‘New Years’ Nightmare’: IRS Targets Gig Workers, Sends 30 Million New Tax Forms

The agency is charging new taxes on Americans who make a side income of more than $600 from ...

November 20, 2023BY Naveen Athrappully
Sellers and Accountants Applaud Delayed 1099-K Reporting

A required 1099-K form for services from third-party payment networks has been delayed. A 1099-K will not have ...

February 27, 2023BY Anne Johnson
IRS Warning Americans to Report $600 Transactions From Payment Processors or Risk Facing Audit

The Internal Revenue Service reminds taxpayers to report transactions of at least $600 made through payment networks like ...

December 3, 2022BY Naveen Athrappully