A key IRS threshold reset reshapes how online income is reported in 2026, easing compliance for casual sellers while preserving oversight of true business activity.

The information reporting form, IRS Form 1099-K (Payment Card and Third-Party Network Transactions), is used to track business payments made through credit or debit card and peer-to-peer services such ...

One law provision new for tax years beginning in 2022 and after that could catch many individual taxpayers by surprise — particularly those in the “gig economy” — is the much lower threshold at which ...

A 1099 tax form is a statement that details an amount of money that you were paid. Learn about this important tax document ...

On November 26, 2024, the IRS issued Notice 2024-85, providing a revised timeline for the transition to the $600 threshold in section 6050W(e), as amended by the American Rescue Plan Act of 2021, for ...

State officials say you should be on the lookout for unemployment compensation 1099 tax forms coming at the end of the month regardless of whether you received unemployment benefits or not. Officials ...

The new-for-2022 law change that sharply reduced the reporting threshold at which third-party payment settlement entities must issue a Form 1099-K, Payment Card and Third Party Network Transactions, ...

More than 1.2 million taxpayers who received jobless benefits in Michigan last year can now move forward and file their 2021 tax returns after a three-week delay involving key paperwork. The Michigan ...