California Gov. Gavin Newsom signed a large “budget trailer” bill that will have significant consequences on the mortgage industry. In relevant part, the new law addresses foreclosures on ...

If you are an employed physician, regardless of setting, your career will be rewarding in many ways, including the sense of ...

If the IRS receives a 1099 with income you didn’t report, it may send you a notice explaining how the numbers on your return differ from those that third parties reported.

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.

The threshold is currently set to drop again in 2025, which means you'd receive a 1099-K during next year's tax season if you have transactions for more than $2,500 this year.

The threshold is currently set to drop again in 2025, which means you'd receive a 1099-K during next year's tax season if you have transactions for more than $2,500 this year.

Granted, the IRS has noted, that all income, no matter the amount, is taxable unless it’s excluded by law whether a Form 1099-K is sent or not. What taxpayers need to know, though, is that ...

The new tax reporting rule requires platforms like PayPal, Venmo, and CashApp to issue tax form 1099-K for earnings exceeding $5,000, CNET reports. While it’s not a new rule for freelancers, it ...