If you sell goods or services or rent property, and get paid through Venmo, PayPal, Cash App or another payment app, you may ...

If you received a total of $5,000 or more through a payment app in 2024, that company is now required to report that amount ...

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

You should see this tax form if you were paid more than $5,000 in freelance income via third-party payment apps last year.

The IRS has introduced significant changes to Form 1099-K reporting, affecting millions who use payment apps. These changes ...

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. Here’s why you might ...

Last year, the Internal Revenue Service announced a phased rollout of reporting requirements for businesses who receive at least some of their income through third-party payment apps.