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In theory, anything can be a business expense — if you're willing to explain it with a straight face and possibly face ...

Once you receive Form 1099-INT, review it carefully to ensure all information is accurate, including your name, taxpayer identification number (TIN), and the interest amount reported.

$5,000 in 2024 $2,500 in 2025 $600 in 2026 and after According to the IRS, you may receive a Form 1099-K even when total payments are less than the reporting threshold.

Gig workers unaware of lower 1099-K threshold By Michael Cohn January 31, 2025, 3:30 p.m. EST 3 Min Read ...

This year, taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when the amount of their business 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.

Under the old standard, the 1099-K was only sent to those who had received more than $20,000 and had more than 200 transactions on third-party payment processing platforms in 2023 and earlier years.

Your 1099-R tells the IRS a story about your IRA distributions. But what if the story is not true? If a distribution was made from your IRA during 2024, your IRA custodian must send you a Form ...

So you receive a 1099-K tax form this year. Here’s what to know. A 1099-K form is sent to self-employed people who use third-party payment apps. Its threshold has been lowered from $20,000 to ...