Making a certain amount of cash from pursuing a passion or by having your own side gig means you owe taxes, according to the Internal Revenue Service, but you won’t receive a W-2 form as you would ...
Self-employed people who send and receive payments using things like PayPal, Venmo and CashApp get a special tax form, called a 1099-K. Usually though, they’d only receive one if they made at least ...
An influential U.S. House committee this week endorsed a tax-relief package that included language by Rep. David Schweikert that would raise the Form 1099 reporting threshold from $600 to $5,000.
A 1099 is a tax document reporting nonemployment income to the IRS. There are several types of 1099 forms, depending on the income you receive — but all are designed to report payments you received to ...
A classically trained French hornist by education, Nick Wolny is a managing editor at CNET Group, where he oversees the Perspectives franchise and written branded content across CNET Group's ...
Did you just receive a form called a 1099-K, a form that you never, ever saw in your lifetime? Well, do not ignore any 1099-K that pops up. Take your time to understand this one. More taxpayers will ...
Did you make over five grand on a marketplace app? Maybe you're an Uber or Lyft driver and you make some money on the side. Or you sell baked goods or do hair on the weekends, and customers pay you on ...
CEDAR RAPIDS, Iowa (KCRG) - More people could receive a tax form in the mail this year that they’ve never seen before: a 1099-K form. The 1099-K form is a requirement for companies like ‘Venmo’ and ...
(CBS Detroit) --Michiganders who received unemployment benefits this year have until Jan. 2, 2022, to request an electronic copy of their 1099-G tax form, according to the Michigan Unemployment ...