The Form 1099-K is meant to report income from payment apps (like Venmo or Paypal), as well as from online marketplaces or ...

The IRS currently requires any third-party payment apps like Cash App and Venmo to send a 1099-K to the IRS and individuals ...

The only difference is Venmo's obligation to send you a tax form. As Mark Steber, Chief Tax Information Officer at Jackson Hewitt Tax Services, explains, "Despite last-minute changes to who will ...

The IRS expects more than 140 million returns for Tax Year 2024, with changes for third-party payment platforms and important ...

Steber said there are two changes that many tax experts are watching this year. First: the green credits; you might get a ...

For some, this could be a stressful time of year, but being prepared is a critical step to an accurate tax return with the biggest refund.

This reporting change means if you earned over $5,000 on an app like Venmo last year ... chief tax information officer for Jackson Hewitt. "This income has always been considered by the IRS ...