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.

Did you just receive a form called a 1099-K, a form that you never, ever saw in your lifetime? Well, do not ignore any 1099-K that pops up. Take your time to understand this one. More taxpayers ...

Did you just receive a form called a 1099-K, a form that you never, ever saw in your lifetime? Well, do not ignore any 1099-K that pops up. Take your time to understand this one. More taxpayers will ...

What taxpayers need to know, though, is that receiving the extra 1099-K paperwork does not mean you're always dealing with a taxable situation. Yes, it could get really tricky.

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

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.

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.

KANSAS CITY, Mo., Jan. 22, 2025 (GLOBE NEWSWIRE) -- The millions of Americans with revenue-generating side hustles and casual sellers may be in for a big surprise this January-an unexpected tax form ...

The 1099-K form specifically reports card payments and transactions from online platforms, apps, or payment card processors. Officially, this tax form is called Form 1099-K: Payment Card and ...

The website notes that just receiving a Form 1099-K from Ticketmaster doesn’t necessarily mean you’ll have to pay taxes on your ticket sales. You'd pay taxes on the profits.