The IRS will begin processing 2024 tax returns sometime during late January 2025. The last day you can file your 2024 taxes ...

Starting in 2025, digital wallet users will face new IRS regulations for income reporting. However, Zelle stands out as the ...

The IRS announced the reporting threshold for the 1099-K form will drop from $20,000 to $5,000 this tax filing season, ...

Originally set to kick off at the beginning of 2022, the IRS planned to implement a new reporting rule that would require ...

Forms 1099, Volunteer Income Tax Assistance (VITA) programs, Form 1099-K relief, deducting taxes, tax filing deadlines, and ...

The IRS is now requiring freelancers to report payments of $5,000 and up received via third-party apps like CashApp, PayPal, ...

The original rule required a third-party platform to send you a 1099-K if you had more than 200 business transactions in a given year on the platform, and only if those transactions combined added ...

The new requirement, which is being implemented after a two-year delay, applies to such P2P apps as PayPal, Venmo, and Block ...

With a new year here, that means a new tax filing season is just around the corner. Here is what you need to know.

As a result of this delay, TPSOs will not be required to report the tax year 2022 transactions on a Form 1099-K to the IRS or the payee for the lower, $600 threshold amount enacted as part of the ...

But in 2025, that number is expected to soar. The IRS announced the reporting threshold for the 1099-K form will drop from $20,000 to $5,000 this tax filing season, plummeting each year until $600.

The IRS is moving forward with its new 1099-K tax reporting change. Here's what that means for you. Courtney Johnston Senior Editor Courtney Johnston is a senior editor leading the CNET Money team.