The Internal Revenue Service (IRS) now requires freelancers to report payments of $5,000 and up received via third-party apps like CashApp, PayPal, or Venmo. The new tax reporting rule requires ...
A 1099-K form is sent to self-employed people who use third-party payment apps. Its threshold has been lowered from $20,000 ...
Expect this tax form on any earnings over $5,000 that were paid via PayPal, Venmo, Cash App or another similar service. After two years of delays, the IRS is finally implementing a tax reporting ...
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