Here is an answer to one of the most common questions about the new over $600 1099-K rule. Why have I never gotten 1099-K forms from payment processors before? Prior to tax year 2022, […]
From the 1099 Tag
Here is an answer to another one of the most common questions about this new over $600 1099-K rule. When will I receive a 1099-K form if my payments exceed the threshold? Third-party payment […]
Here is an answer to one of the most common questions about this new over $600 1099-K rule. Do payments from friends and families (splitting a check, gifts, etc.) count toward the form 1099-K […]
A new IRS rule may affect millions of taxpayers who receive payments through third-party processors like PayPal, Venmo, Zelle and Square. The rule applies to payments for goods and services, including payments for independent […]
Everyone’s tax situation is different. Some people only work for someone else, and have a W-2 given to them at the end of the year detailing their income and what was withheld. The self-employed […]
The cancellation of debt, or COD, occurs when a lender cancels or forgives a debt that you owe. This is commonly seen in the occurrence of a foreclosure of a mortgage or in the […]