Last year, the IRS announced a phased rollout of reporting requirements for businesses who receive at least some of their ...

The Form 1099-K is meant to report income from payment apps (like Venmo or Paypal), as well as from online marketplaces or ...

IRS Forms 1099 are critical to IRS information return matching so the IRS can match your tax reporting and send tax notices ...

If the income reported on Form 1099-NEC is not self-employment income, but instead from a sporadic activity or hobby, report it on line 8, “Other Income,” on Schedule 1 (1040). What Is a 1099 ...

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 called the 1099-K. Payment platforms, apps and online ...

IRS' lowering income standard for self-employed from $20,000 to $5,000 a year means more 1099K forms are being sent in the mail ...

If you have a tax paper from someone other than your employer, you may have received a 1099. But what does the form mean, and ...

The IRS expects more than 140 million returns for Tax Year 2024, with changes for third-party payment platforms and important ...

Farmers and ranchers regularly pay for services from individuals who are not their fulltime employees. Typical compensation includes wages or other payments to self-employed workers and contractors, a ...

Yes, video game marketplaces can be taxed, sometimes. Whether you're making money on Eve Online or Roblox, Minecraft or ...

Originally set to kick off at the beginning of 2022, the IRS planned to implement a new reporting rule that would require ...