But it doesn’t mean people owe taxes on all of it. In the past, taxpayers would only get a 1099-K form if they made over $20,00 and had more than 200 transactions made online or through third ...

Days later, the Johnsons received an amended 1099-K form, showing $0 was collected. “When called you, I mean within the day, we got a response from Cash App,” Lebra Johnson said.

Taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when transactions during 2024 was more than $5,000.

Taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when transactions during 2024 was more than $5,000.

Taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when transactions during 2024 was more than $5,000.

Implications for Side-Hustlers and Casual Sellers What does this mean for taxpayers and the explosive growth of the side-hustle economy? Many Americans are supplementing their incomes to cover ...

More people using payment apps or online marketplaces will get a Form 1099-K for tax year 2024. That’s because the IRS lowered the threshold from $20,000 to $5,000. Read more in the reporting ...

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