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IRS Updates 1099-K Guidance For Taxpayers Who Use Apps Like PayPal And Venmo

Late last year, the IRS announced it would delay the new $600 Form 1099-K reporting threshold, but there s still a lot of confusion. In response, the IRS issued FAQs. ....

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IRS Announces Big Changes To Form 1099-K, Including Another Reporting Delay

The IRS announced that it would delay the new $600 Form 1099-K reporting threshold for third-party settlement organizations for 2023. ....

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Taxpayer Advocate And Others Weigh In On IRS Decision To Delay Form 1099-K Reporting

It didn’t take long after the IRS announced an additional delay in enforcing the new $600 reporting threshold for Forms 1099-K to garner reactions. ....

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Millions might be surprised by a 1099-K in the mailbox

There is a big change coming to the U.S. tax code in 2023 that will affect just about anyone who uses the Internet to make a little, or a lot, of pocket money. ....

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Why using Venmo or Paypal could create tax headaches in the coming weeks

Why using Venmo or Paypal could create tax headaches in the coming weeks. A new change for 2022 means money-exchanging apps need to report more activity to the IRS. ....

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