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2. 1099-K tax rules: What you need to know if you get paid via ...

   www.aol.com/finance/1099-k-tax-rules-know...

   If you do receive a 1099-K, you’ll want to check to make sure that only taxable income is included on the form. ... Zelle won’t be included in that list. “The Zelle platform directly ...

3. Zelle tax ‘loophole’ utilized by small businesses could be ...

   www.aol.com/zelle-tax-loophole-utilized-small...

   Under that rule, third-party payment processors such as Venmo and PayPal must issue 1099-K forms to any users who receive more than $600 in payments via their apps and also file them directly with ...

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

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

   Receiving 1099-K Forms can simplify tax returns for freelancers: Currently, you receive a 1099-NEC form from each client or entity that pays you $600 or more each year if you’re self-employed ...

5. How To Avoid Accidentally Paying Tax on Money Received ...

   www.aol.com/finance/avoid-accidentally-paying...

   Since the Internal Revenue Service reported that third-party payment processors will be responsible, starting in 2022, for reporting payments issued on a 1099-K form, people who use these ...

6. How freelancers can prepare for changing tax requirements - AOL

   www.aol.com/news/freelancers-prepare-changing...

   For the current tax year, freelancers and small business owners still only need to use 1099-K forms to report third-party app payments totaling $20,000, and any number of payments above 200.

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

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

   Even at the $5,000 level, companies are expecting to issue 150% more 1099-K forms than has been typical, said Wendy Walker, a vice president of regulatory affairs at Sovos, a business compliance ...

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

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

   Above all, do not ignore the Form 1099-K. If you received it, that means the IRS did, too. If you receive a Form 1099-K by mistake, realize that with the recent changes, errors happen more often ...

9. Don’t File Your Taxes Early Says IRS, Wait for Form 1099-K

   www.aol.com/finance/don-t-file-taxes-early...

   For 2022, anyone who earned just $600 in aggregate through a third-party payment network will receive a 1099-K form. The old threshold, prior to 2022, was more than $20,000 in income over 200 or ...