Under the new law, reporting thresholds for Form 1099-K (for payment card and third-party network transactions), Form 1099-MISC (for payments not covered by other 1099 forms), and Form 1099-NEC ...

The House of Representatives and the Senate have both proposed changes in the reporting thresholds for Form 1099-K and Form 1099-NEC. The goal? Fewer forms for taxpayers.

Learn about the basics of Form 1099-K, changes to the reporting threshold, and what this means for your business.

Form 1099-Q is a tax form sent to individuals who receive distributions from a Coverdell education savings account or 529 plan.

When sorting through your mail this tax season and set aside your important documents, you may receive a new form to your tax profile called a 1099-K. This is an income record which accounts for ...

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Taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when transactions during 2024 was more than $5,000.

Your 1099-R tells the IRS a story about your IRA distributions. But what if the story is not true? If a distribution was made from your IRA during 2024, your IRA custodian must send you a Form ...

A 1099-K form is sent to self-employed people who use third-party payment apps. Its threshold has been lowered from $20,000 to $5,000.

More people using payment apps or online marketplaces will get a Form 1099-K for tax year 2024. That’s because the IRS lowered the threshold from $20,000 to $5,000. Read more in the reporting ...