The IRS will treat 2024 as an additional transition year, so that the reporting threshold is $5,000.

If you're a freelancer, business owner or someone who occasionally makes money on the side, you need to know about the new tax reporting requirement for PayPal, Venmo, Cash App and other third ...

The IRS is delaying a 2023 1099-K tax reporting requirement for third-party payment networks like PayPal and Venmo, online marketplaces like Etsy and eBay, and millions of online sellers.

The IRS will delay implementing a sweeping rule change that forces people to report income over $600 paid through popular apps such as Venmo and Paypal, the agency announced Tuesday.

The version of the Republican megabill passed by the House last month includes a provision that ends an effort to get 1099-K tax forms out to workers or sellers who have earned more than $600 a year.

Tax professionals and consumers are likely to cheer the delay, which means the pre-2022 threshold of $20,000 for more than 200 transactions applies for now.

While the 1099-K tax reporting change applies to business payments, it’s possible you’ll receive one for personal transfers. Here’s how to handle it.

An IRS 1099-K threshold change will impact millions of tax bills beginning with this filing season. But could a bigger change lie ahead?

The tax agency has previously announced there was a change in reporting rules for Form 1099-K, the IRS document used to report payments and transactions from online platforms, apps or payment card ...

If you're a freelancer, business owner or someone who occasionally makes money on the side, you need to know about the new tax reporting requirement for PayPal, Venmo, Cash App and other third ...

A controversial new tax-reporting policy involving payments over $600 on e-commerce platforms like eBay and Etsy will be delayed by one year, the IRS said.