The IRS is rolling out a new 1099-K reporting rule for third-party payment apps, impacting freelancers and business owners. This change, part of the American Rescue Plan, aims to streamline tax ...

The extended transition period is designed to ease the transition for TPSO compliance with Sec. 6050W(e) and participating payee compliance with income tax reporting, the IRS said in the notice. The ...

If you're earning income through platforms like PayPal, Venmo, or Cash App, it's crucial to understand the new tax reporting ...

As tax season approaches in 2025, individuals receiving over $5,000 in payments for goods or services through digital ...

An IRS official said the agency is "working judiciously" to implement both the 1099-K and 1099-DA requirements. "We acknowledge the benefits and burdens of expanding third party information reporting ...

Provided by cloud-based tax compliance automation provider Avalara, Inc., ... beginning with a new $5,000 1099-K threshold during the 2025 tax season.

New tax rules hit in 2025 just in time to trigger more 1099-K paperwork for Detroit Lions ticketholders who are reselling hot playoff tickets now. ... Expect a 1099-K and a tax bill.