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2. Income Reporting: How To Avoid Undue Taxes While Using ... - AOL

   www.aol.com/income-reporting-avoid-undue-taxes...

   The IRS recently introduced a new rule, effective January 1, 2022, that required all third-party payment apps to report business earnings of $600 or more to the IRS with a 1099-K form. That means ...

3. If You Use PayPal or Other Third-Party Apps for Your ... - AOL

   www.aol.com/paypal-other-third-party-apps...

   2024 tax year: Anyone who received $5,000 or more on a third-party payment app will get a 1099-K form, per the IRS. 2025 tax year: The threshold drops to $2,500, 2026 tax year: The amount ...

4. Taxes 2024: Venmo & Cash App Won’t Be Sending 1099’s - AOL

   www.aol.com/taxes-2024-venmo-cash-app-181801730.html

   “An additional delay for tax year 2023 will avoid problems for taxpayers, tax professionals, and others in this area.” ... third-party payment companies will be required to issue you a 1099-K ...

5. The IRS wants to know how much money you’re making ... - AOL

   www.aol.com/finance/irs-wants-know-much-money...

   Regardless of whether you receive a 1099-K, the IRS says all income should be reported on your tax return. ... follow these four steps to avoid getting an ill-fated audit or penalty from the IRS ...

6. Heads up if you’re a freelancer or small business owner: The ...

   www.aol.com/heads-freelancer-small-business...

   Small business owners, independent contractors and gig workers soon will be getting 1099-K tax forms if they used any payment platform on which they had at least $5,000 in business transactions in ...

7. IRS 1099 Tax Form Explained: Here’s Everything You ... - AOL

   www.aol.com/irs-1099-tax-form-explained...

   Date Due to IRS. 1099-A. Acquisition or abandonment of secured property (e.g., foreclosure or repossession) All amounts. ... Avoid: 30 Things You Do That Can Mess Up Your Credit Score.

8. 7 tax tips to make sure you get the biggest refund ... - AOL

   www.aol.com/finance/7-tax-tips-sure-biggest...

   There's still time to lower your tax bill for 2023. ... yes, but depending on your situation, also 1099-INTs (for interest payments), 1099-Gs (for unemployment payments) and SSA-1099s (for Social ...

9. 1099-K tax form new to you this year? What it means when ...

   www.aol.com/1099-k-tax-form-means-150056132.html

   You would have to have pushed above that $5,000 threshold in 2024 to receive a 1099-K for this tax season. ... place and raise the limit back up by some amount again to avoid an onslaught of 1099-Ks.