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.

The IRS said the 1099-K form is a report of payments you received for goods or services during the year if you made any money or payments via cards (credit, debit, gift cards). Payments can be ...

$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. No matter the amount of ...

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.

Form 1099-K reporting requirements have created a lot of confusion, and it's understandable why. Many of those sellers haven’t received 1099-Ks before, so understanding the new rules is ...

With the addition of 1099 automation, K1x further strengthens its position as the leading tax compliance automation platform. The company's solutions are already used by over 8,000 organizations, ...

Understanding Form 1099-K, including verifying its accuracy and using it to properly report your income, is crucial. Here's what you need to know to stay compliant and avoid tax surprises.

If you receive the form incorrectly, you can ask the provider for an amended 1099-K with your explanation of what is wrong. You can also just enter the correct amount on your 1040’s Schedule 1.

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 $5,000.

A payment app or online marketplace is required to send you a Form 1099-K if the payments you received for goods or services total over $5,000.