IRS 1099-K reporting requirements have caused a lot of confusion. That’s mainly because of changes to a federal tax reporting rule that requires third-party payment networks, including apps and ...

This change in reporting requirements will require third-party payment apps to send the IRS a 1099-K for earnings over $5,000 ...

Form 1099 reports freelance payments ... to $600 were originally scheduled to take effect in 2022. But the IRS delayed that requirement in December 2022 and again in November 2023.

Wood is a tax lawyer focusing on taxes and litigation. Closeup of Form 1099-K, Payment Card and Third Party Network Transactions, an IRS information return ... [+] used to report certain payment ...

the IRS has postponed implementing the new Form 1099-K reporting threshold requirement for third-party payment organizations. "We spent many months gathering feedback from third-party groups and ...

Typically, this information gets reported using an IRS tax form called the 1099-K. The Form 1099-K is a reporting form meant specifically for transactions made through third-party network ...

Freelancers and independent contractors have to fill out Form W-9 for their employers and clients. Here's what to do and how ...

even if you don't receive a 1099 from all of your earnings. This isn't a new rule; it's a tax reporting change. The IRS will be switching the reporting requirement to payment apps so it can keep ...

Beginning in 2017 for 2016 payments, the IRS has moved up the filing date for Forms 1099-MISC reporting non-employee compensation in box 7. The reporting date to the IRS will now be the same as ...