Since Inauguration Day, the White House has led what the Washington Post calls a “vast deregulatory effort” to streamline or ...

Zelle doesn’t report to the IRS—but that doesn’t mean you’re off the hook. Learn the 2025 rules and how banks may flag your ...

Words by Kaili Cochran With tipping and tax laws evolving, platforms like Cash App are changing not just how people pay, but ...

Federal taxpayers who earn income not subject to withholding may need to make estimated tax payments during the year.

Under "Filer" on the top left corner of Form 1099-K, you can find the name and contact information of the issuer. Ask for a corrected Form 1099-K that shows a zero amount.

The AICPA’s 2025 tax priorities include increasing the reporting threshold for Form 1099-K to $10,000 from the $600 that would go into effect next year, according to a letter Monday to congressional ...

This year, some gig workers, freelancers and small business owners received an unfamiliar IRS tax form: a 1099-K. If you're one of them, how you report this form on your tax return could ...

According to the IRS, money received from friends and family as a gift or repayment for a personal expense should not be reported on a Form 1099-K. The payments aren't taxable.

Instead, contact the issuer of the Form 1099-K, request that they remove these items from the form and reissue a corrected Form 1099-K. The IRS has instructions on how to handle this situation.

Form 1099-K must be sent to taxpayers by Jan. 31 of the following year. That is, you should have received your 1099-K for 2024 by the end of January 2025. (See the 2025 tax deadlines.) ...

Business 1099-K tax rules: What you need to know if you get paid via Venmo, Cash App or PayPal Feb. 24, 2025 at 11:16 am Updated Feb. 24, 2025 at 12:16 pm By Kemberley Washington ...

TAMPA, Fla. (WFLA) — Clint and Lebra Johnson were stunned when they received a 1099-K tax form in the mail that showed Clint collected $9,306.57 through 427 transactions, all in November. The ...