A key IRS threshold reset reshapes how online income is reported in 2026, easing compliance for casual sellers while ...

The main difference between a W-9 and a 1099 is that you fill out a W-9, while the business or entity that is paying you ...

If you’re a freelancer, business owner, or just have a small side hustle, you should know about the new tax requirement this year for electronic payments through Venmo, PayPal, online marketplaces and ...

Tax season is well underway, and that means you should have received one or more income statements from employers or any other entities that paid you income in 2024. IRS rules state that all tax ...

If you sell goods or services or rent property, and get paid through Venmo, PayPal, Cash App or another payment app, you may have been surprised by a Form 1099-K this year. Here’s why you might be ...

When it comes to managing your taxes, understanding the forms you receive is half the battle. Among these, Form 1099-INT stands out if you’ve had any dealings with interest income over the past year.

Many small businesses accept credit cards, debit cards, and money transfer app payments as payment options when customers purchase goods and services. If you're among them, you will likely receive ...

Forbes contributors publish independent expert analyses and insights. Matthew Roberts is a tax attorney who covers tax litigation and fraud. Jul 18, 2024, 02:44pm EDT Jul 19, 2024, 09:52am EDT Closeup ...

If you received more than $5,000 for online sales of “goods or services” in 2024, you might get a Form 1099-K. Don’t ignore it, an expert says. By Ann Carrns If you sold personal items like concert ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. Many people will soon be filing their 2024 tax returns by the ...

On November 26, 2024, the IRS issued Notice 2024-85, providing a revised timeline for the transition to the $600 threshold in section 6050W(e), as amended by the American Rescue Plan Act of 2021, for ...