IRS warns taxpayers about new $600 threshold for third-party payment reporting

Summary by Ground News

The IRS on Tuesday shared tips for the upcoming tax season — including a reminder about the new $600 threshold for receiving Form 1099-K for third-party payments.

Published 2 months ago · Washington, United States

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CNBC

IRS warns taxpayers about new $600 threshold for third-party payment reporting

The IRS on Tuesday warned taxpayers about the new $600 threshold for receiving Form 1099-K for third-party payments. Here's why you may receive one.

3 months ago·United States

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New York Post

IRS warns Americans over $600 threshold to report Venmo, PayPal payments

The IRS is reminding tax filers to prepare to report transactions of at least $600 that are made through so-called "third-party" facilitators.

2 months ago·New York, United States

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justthenews.com

IRS warns taxpayers of new $600 threshold for reporting third-party payments

Companies file 1099-ks on a yearly basis to report third-party payments and send copies to both the taxpayers and the IRS.

2 months ago·Washington, United States

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Breitbart

IRS Forces Gig Workers to Report over $600 Threshold of Venmo, PayPal Payments

The IRS reminded gig workers this week to report payments over a $600 threshold made through third party payment apps, such as Zelle, Cash App, Venmo, and PayPal.

2 months ago·United States

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