Reporting for third-party digital payments, card processor payments, and cryptocurrency payments is changing for Form 1099-K. More than ever, gig economy workers, small businesses, and startups are using third-party payment
It’s Not Just You. Many Americans Are Concerned About The New 1099-K Tax Rule for Payments Over $600It’s Not Just You. Many Americans Are Concerned About The New 1099-K Tax Rule for Payments Over $600
Here’s why Americans are concerned about the new 1099-K tax rule, which requires PSEs to report payments over $600. What Happened Previously, PSEs (Payment Settlement Entities) needed to file a
Form 941: Who Is Required To File & When Is Form 941 Due In Q2 Of 2022?Form 941: Who Is Required To File & When Is Form 941 Due In Q2 Of 2022?
Here’s a simple guide on what is form 941, who must file it, the deadline to file Form 941 in Q2 of the 2022 tax year, what is the late
Crowdfunding Your Entrepreneurial Dream Could Come With Tax Complexities & SurprisesCrowdfunding Your Entrepreneurial Dream Could Come With Tax Complexities & Surprises
Do you run crowdfunding campaigns to enable your business ventures and entrepreneurial dreams? With the new 1099-K rule, crowdfunding might just come with tax complications What is crowdfunding? Crowdfunding is
Virtual Transactions Also Have Tax ConsequencesVirtual Transactions Also Have Tax Consequences
Certain virtual transactions come with tax implications. Learn what those transactions are, and how they impact your taxes. Businesses conduct a variety of transactions online regularly. With the rise of
How The New 1099-K Filing Rule Is Adversely Impacting Small Business OwnersHow The New 1099-K Filing Rule Is Adversely Impacting Small Business Owners
Small business owners raise concerns over the new 1099-K rule implemented through ARPA of 2021. Did you know that the gig economy contributes to nearly 6% of the total U.S.
Using Peer-To-Peer Payment Apps To Accept Payments From Customers? Here’s How It Impacts Your Business Tax Information ReportingUsing Peer-To-Peer Payment Apps To Accept Payments From Customers? Here’s How It Impacts Your Business Tax Information Reporting
Here’s what happens when you use peer-to-peer payment apps like Venmo and PayPal to accept payments from your customers, according to the American Rescue Plan Act (ARPA) of 2021. We
How To Use Form 1099-K For Your eCommerce BusinessHow To Use Form 1099-K For Your eCommerce Business
eCommerce businesses are required to use Form 1099-K to interpret the third-party payments received from payers. Learn how with this simple guide. Form 1099-K: Overview Of 1099-K Form Form 1099-K
PayPal, Venmo & Cash App Must Report Transactions Of $600 Or More To IRSPayPal, Venmo & Cash App Must Report Transactions Of $600 Or More To IRS
Here’s why payment apps like PayPal and Venmo are required to file a Form 1099-K starting in 2022. Unlike the early 2000s, where tax reporting was somewhat unregulated, the early
Are Venmo Payments Considered Income? Get All The Details HereAre Venmo Payments Considered Income? Get All The Details Here
A simple guide to understand if third-party payments are considered income in the Form 1099-K payments context. Form 1099-K has been making rounds around the internet. Unlike Form 1099-NEC, Form