The IRS will have much less of a view into how much income small businesses and independent contractors make because there will be much less third-party reporting required under Trump’s new law.

The law is creating backlash from the gambling industry and bettors who could owe taxes even if they break even.

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 ...

But in 2025, that number is expected to soar. The IRS announced the reporting threshold for the 1099-K form will drop from $20,000 to $5,000 this tax filing season, plummeting each year until $600.

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.

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.

The version of the Republican megabill passed by the House last month includes a provision that ends an effort to get 1099-K ...

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 received business payments via apps such as PayPal and Venmo, you will not be subject to a lower threshold for 1099-K tax reporting for 2023.

The agency on Friday said that such third-party platforms won't have to use that threshold for when they report 2022 tax-year transactions on a Form 1099-K, which goes to both the IRS and taxpayer ...