CNET on MSN7h
Did You Get Paid via PayPal, Venmo or Cash App in 2024? The IRS Announces New Tax Change
Originally set to kick off at the beginning of 2022, the IRS planned to implement a new reporting rule that would require ...
IRS Announces Another Reporting Change For PayPal, eBay, And Cash Apps
Christmas came early for the second time in a row for many taxpayers and tax professionals. The IRS has announced that it ...
MyChesCo on MSN1d
IRS Provides Transitional Relief for Third-Party Settlement Organizations on Reporting Thresholds
The Internal Revenue Service (IRS) issued Notice 2024-85 this week, granting transitional relief for third-party settlement ...
Accounting Today5d
IRS phases in Form 1099-K threshold at $2,500 in 2025
The Internal Revenue Service extended its transition relief Tuesday for the new Form 1099-K information reporting threshold.
The Dancing Accountant on MSN5d
When Do I Have To Issue A 1099 Form To Someone I Paid?
Knowing when to issue which kind of 1099 form to someone you paid money to can be a mystery to small business owners, but ...
JournalofAccountancy5d
IRS again delays effective date of $600 threshold for Form 1099-K reporting
The delay, the third by the IRS for Form 1099-K reporting for third-party settlement organizations, will treat 2024 and 2025 as transition years.