A new partnership between the Big Ten and Big 12 conferences and PayPal will allow student-athletes to receive their ...

For tax year 2024, the threshold to receive Form 1099-K for payments through payment platforms is $5,000. The IRS considers money paid through the platforms for goods and services as income, even ...

If you receive a 1099-K this tax season, it's important you properly file that information to the IRS. This form is given when third-party payments exceed $20,000 from over 200 transactions.

New IRS Update Requires Form 1099-K For Payments Of $5K+ Received Through Cash App Or PayPal. Freelancers making $5,000 from third-party payment apps will be required to report it on their taxes.