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 ...

Robert W. 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 ...

Robert W. Wood is a tax lawyer focusing on taxes and litigation. IRS Forms 1099 allow computer matching of Social Security numbers and dollar amounts paid. That makes it possible for IRS ...

In response to corporate concerns over the 1099-K threshold and to avoid ... time to implement the new reporting requirements effectively," IRS Commissioner Danny Werfel said in a statement ...

you may have received a 1099-K tax form before. Under new reporting requirements first announced in the American Rescue Plan, third-party payment apps will eventually be required to report ...