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

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

   While this new rule will be delayed until ... to issue you a 1099-K tax form each year if you earn just $600 or more annually. ... tax form. This should simplify tax filing for self-employed ...

3. ‘A victory for common-sense’: The IRS has stalled a new tax ...

   www.aol.com/finance/victory-common-sense-irs...

   For the second year in a row, Uncle Sam delayed a new tax rule that will lower the income threshold for Form 1099-K, which is used to report third-party business payments to the IRS. Don’t miss

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

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

   The new rules require users to report payment transactions via payment apps including Venmo, PayPal, Stripe and Square for goods and services meeting or exceeding $600 in the calendar year.

5. Form 1099-MISC - Wikipedia

   en.wikipedia.org/wiki/Form_1099-MISC

   In the United States, Form 1099-MISC is a variant of Form 1099 used to report miscellaneous income. One notable use of Form 1099-MISC was to report amounts paid by a business (including nonprofits [1]: 1 ) to a non-corporate US resident independent contractor for services (in IRS terminology, such payments are nonemployee compensation), but starting tax year 2020, this use was moved to the ...

6. Good News: IRS Delays New $600 Reporting Rule for Gig ... - AOL

   www.aol.com/irs-delays-600-reporting-rule...

   Well, in late December 2022, the IRS actually delayed … Continue reading → The post IRS Delays New $600 Reporting Rule for Gig Workers and Online Sellers to 2024: Here's What You Need to Know ...

7. Form 1042 - Wikipedia

   en.wikipedia.org/wiki/Form_1042

   In contrast, Form 1042-S is accompanied by tax withholding. [7] The various Form 1099s have reporting thresholds (for instance, Form 1099-MISC needs to be filed only if $600 or more is being paid). However, Form 1042-S needs to be filed for any payment. There are contexts where no Form 1099 (or any other form) needs to be filed for resident ...

8. American Taxpayer Relief Act of 2012 - Wikipedia

   en.wikipedia.org/wiki/American_Taxpayer_Relief...

   The top marginal tax rate on income of 39.6%, provided for under the expiration of the 2001 portion of the Bush tax cuts, was retained. This was an increase from the 2003–2012 rate of 35%. [3] The top marginal tax rate on long-term capital gains of 20%, provided for under the expiration of the 2003 portion of the Bush tax cuts, was retained.

9. Navigating the IRS alphabet soup: There are nearly two dozen ...

   www.aol.com/finance/navigating-irs-alphabet-soup...

   Even if canceled or forgiven debt was less than $600, the IRS still requires you to report it on your tax return (under the “other income” line on Form 1040 or 1040-SR).