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New IRS 1099-K Tax Rule: Here's What Freelancers Who Made Money on PayPal or Cash App Need to Know
If you earned over $5,000 or more in income via third-party apps, you should get a 1099-K to file with your tax return. Read More
IRS adjusts income reporting rules for third-party payment apps
Small businesses and freelancers using payment platforms like Venmo and PayPal will face new IRS reporting requirements this tax season, with income thresholds gradually decreasing over the next ... Read More
IRS again delays small-business tax-reporting requirement
This is not the first time the IRS has delayed the reporting requirement, having done so in 2022 and then again in late 2023 after a barrage of criticism regarding the move. Here are the details. Read More
Transitional Delay – Increased Reporting to the IRS for PayPal, Venmo, Third-Party Payment Networks – Threshold $5,000 for 2024
On November 26, 2024, the IRS announced transitional relief for the much-maligned tax reporting requirement for third party payment networks. Read More
IRS adjusts income reporting rules for third-party payment apps like Venmo, PayPal
Small businesses and freelancers using payment platforms like Venmo and PayPal will face new IRS reporting requirements this tax season. Read More
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