The income tax deadline is April 15 for most taxpayers. But taxpayers in Florida, North Carolina, and other areas hit by ...

The millions of Americans with revenue-generating side hustles and casual sellers may be in for a big surprise this January—an unexpected tax form called the 1099-K. Payment platforms, apps and online ...

New tax rules hit in 2025 just in time to trigger more 1099-K paperwork for Detroit Lions ticketholders who are reselling hot ...

Do you have supporting forms and receipts in hand? Here's what to know about tax-filing season for Arizona and federal ...

A 1099-K form is sent to self-employed people who use third-party payment apps. Its threshold has been lowered from $20,000 ...

The agency is cracking down on unreported income from online sales.

Originally set to kick off at the beginning of 2022, the IRS planned to implement a new reporting rule that would require ...

Share on Facebook Share on Twitter President Trump is so busy rewriting the U.S. Government it feels he’s at risk for carpal ...

Did you just receive a new 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. The IRS will ...

But in 2025, that number is expected to soar. The IRS announced the reporting threshold for the 1099-K form will drop from $20,000 to $5,000 this tax filing season, plummeting each year until $600.

And a key rule changes again in 2025. You'd receive a 1099-K form that would report payments you got for tickets, as well as other goods or services in a year, if you had transactions that are ...