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  2. “If (the 1099-K) is not business income, or it is for personal transfers of money between family and friends, or it is for the sale of personal items at a loss, it still has to be reported ...

  3. Form 1040 - Wikipedia

    en.wikipedia.org/wiki/Form_1040

    Form 1040, officially, the U.S. Individual Income Tax Return, is an IRS tax form used for personal federal income tax returns filed by United States residents. The form calculates the total taxable income of the taxpayer and determines how much is to be paid to or refunded by the government.

  4. IRS tax forms - Wikipedia

    en.wikipedia.org/wiki/IRS_tax_forms

    As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ - see below for explanations of each) used for such returns.

  5. Tax return - Wikipedia

    en.wikipedia.org/wiki/Tax_return

    Tax schedule used to report capital gains in the USA. In the United States, a tax schedule is a form that the Internal Revenue Service (IRS) requires taxpayers to fill out in addition to the tax return. It is a tool that reports and provides information about the additional calculations and other amounts stated in the tax return. [17]

  6. Avoid Tax Ramifications by Ensuring Your PayPal ... - AOL

    www.aol.com/news/avoid-tax-ramifications...

    There's some misinformation circulating on social media right now. A specific post resembling a store sign or printed notice claims you can avoid paying taxes on PayPal and Venmo transactions if ...

  7. Tax Update: IRS Delays $600 Reporting Threshold for Venmo ...

    www.aol.com/finance/tax-irs-delays-600-reporting...

    Following the agency’s announcement, Sen. Joe Manchin (D-W.Va.), who has been a staunch critic of the new rule, said in a statement: “I am pleased the Treasury Department and the IRS listened ...

  8. Debits and credits - Wikipedia

    en.wikipedia.org/wiki/Debits_and_credits

    This is because most people typically only see their personal bank accounts and billing statements (e.g., from a utility). A depositor's bank account is actually a Liability to the bank, because the bank legally owes the money to the depositor. Thus, when the customer makes a deposit, the bank credits the account (increases the bank's liability).

  9. Cash, Check, or PayPal? - AOL

    www.aol.com/2012/05/29/cash-check-or-paypal

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