You'll receive a 1099-K form if you use a third-party payment service, such as PayPal, Venmo or CashApp, to receive freelance income and you earned $5,000 or more via these platforms in 2024. The ...

If you find out later that your W-2 or 1099 forms provide different information, you'll need to file an amended return using Form 1040-X. Filing your taxes is no easy feat ...

1099-K tax rules: What to know ... fully implementing the $600 threshold in 2027 will result in an additional 30 million Forms 1099-K issued ... you can ask the provider for an amended 1099-K with ...

Even at the $5,000 level, companies are expecting to issue 150% more 1099-K forms than has been typical, said Wendy Walker, a vice president of regulatory affairs at Sovos, a business compliance ...

If you sell goods or services or rent property, and get paid through Venmo, PayPal, Cash App or another payment app, you may have been surprised by a Form 1099-K this year.

Deadlines for sending 1099 forms and filing with the IRS You must file Form 1099-NEC with the IRS and send a copy to all recipients by January 31. If you’re filing fewer than 10 forms, you can ...

SALEM, Ore. (KATU) — The Oregon Employment Department (OED) has identified errors in some 1099-G tax forms issued in January for Unemployment Insurance benefits paid in 2024. Approximately ...

Why did I get multiple tax forms for the same income? As a freelancer or gig worker, you may also be used to receiving either a form 1099-MISC or 1099-NEC for the work that you do. Companies are ...