What is Form 1099-K? Form 1099-K, Payment Card and Third-Party Network Transactions is an IRS (Internal Revenue Service) form used to report credit/debit card transactions and third-party network payments. Minimum
Tag: 1099-K
The New IRS Regulation: 1099-K Transaction Value Threshold Change from $20,000 to $600The New IRS Regulation: 1099-K Transaction Value Threshold Change from $20,000 to $600
In a bold and consequential move, the Internal Revenue Service (IRS) has announced a significant adjustment to the 1099-K transaction value threshold. The previous limit of $20,000 has now been
Businesses, Are You Prepared to Meet the New Requirements for 1099-K Reporting in 2023?Businesses, Are You Prepared to Meet the New Requirements for 1099-K Reporting in 2023?
Business owners, have you been receiving customer payments through third-party entities? Good news and bad news: you may be required to meet new 1099-K reporting requirements in 2023. Read on
When Are The 1099-K Forms Due For the 2022 Tax Year?When Are The 1099-K Forms Due For the 2022 Tax Year?
Filing 1099s can be confusing, and 1099-K forms are no exception. To make the most of your tax season, it’s important to understand when the 1099-K forms are due for
Unlock the Mystery of the 1099-K: What You Need to Know About Its Qualifying Amounts!Unlock the Mystery of the 1099-K: What You Need to Know About Its Qualifying Amounts!
Form 1099-K is a mystery to many businesses, But it doesn’t have to be. The third-party form entities use to report payments to businesses contains important information for accurate tax
1099-MISC vs 1099-K: Know The Difference1099-MISC vs 1099-K: Know The Difference
Learn all you need to know about 1099-MISC forms and 1099-Ks. From the information you need to report, to the purpose of the forms, we have it all covered in
The Easiest Do-It-Yourself Guide For Tax Form 1099-KThe Easiest Do-It-Yourself Guide For Tax Form 1099-K
This easy DIY guide will teach you everything you need to know about the 1099-K form. Right from what it is to when you need to use it and how
Accountants Should Brace Clients For Changes in Form 1099-KAccountants Should Brace Clients For Changes in Form 1099-K
Ahead of Sage Transform 2022, we discuss changes to the way small businesses and gig economy workers have to report third-party payments. Many small businesses and gig economy workers enjoy
1099-K: The IRS Changes And What You Need To Know1099-K: The IRS Changes And What You Need To Know
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