Tax season: What to know about the 1099-K form Part 1
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Tax season: What to know about the 1099-K form Part 1
When sorting through your mail this tax season and set aside your important documents, you may receive a new form to your tax profile called a 1099-K. This is an income record which accounts for the money you receive through third-party payment apps like CashApp and Venmo. READ MORE: https://www.rochesterfirst.com/news/the-1099-k-tax-form-what ...
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The start of tax season is around the corner, and filing for 2022 taxes will be different for millions of Americans with the updated 1099-K form. The form was first issued in 2012 as it reports taxable income for goods sold through third-party settlement organizations – a fancy term for apps such as Venmo, PayPal, and CashApp that are used to transfer money. READ MORE: https://www.turnto23.com/news/national/what-you-need-to-know-about-the-updated-1099-k-tax-form | 23ABC Bakersfield | Facebook
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