If you sell goods or services or rent property, and get paid through Venmo, PayPal, Cash App or another payment app, you may ...

If you received a total of $5,000 or more through a payment app in 2024, that company is now required to report that amount ...

It's tax season, and if you've received an unfamiliar income form this year, it might be a 1099 tax form. A 1099 form is used ...

The 1099-K form reports payments for goods and services ... gig workers and self-employed people generally report income on Schedule C of their income tax returns. Rent payments are reported ...

Have you received a 1099 tax form that you don’t understand? Our guide describes the basics of the nearly two dozen different 1099 forms used to report income to the IRS.

If this information is left out of your taxes, you could receive a CP2000, Unreported Income notice from the IRS. So it’s important to report on Schedule D and Form 8949 if applicable. 1099-C ...

Be careful if you sell online. The IRS may know a lot more about your side hustle this tax season. And it is cracking down on ...

Businesses must meet the February 18, 2025 deadline to furnish recipient copies of Forms 1099-B, 1099-S, and 1099-MISC (Boxes 8 and 10) ROCK HILL, SC / ACCESSWI ...

There are three copies of the 1099-Q. The distributor files Copy A with the IRS, sends you Copy B, and retains Copy C. You should receive Form 1099-Q in the mail. If distributions aren't taxable ...

The Form 1099-K is meant to report income from payment apps (like Venmo or Paypal), as well as from online marketplaces or gift cards. Third-party payment services send this form to taxpayers who ...

You'll include the income you earned that's listed on your 1099-K by filing a Schedule C (an IRS form that reports profits or losses from your business). If you file using online tax software ...