The IRS is requiring third party payment apps to send you a 1099-K tax form if you made more than $5,000 on the platform in 2024.

IRS Will Enforce 1099-K Reporting Of Cash App, Venmo, Zelle, And PayPal Transactions In 2024, the IRS is set to enforce the long-anticipated 1099-K reporting requirement for third-party payment apps.

With tax season starting this week, you might notice a tax form in your mailbox. This is Form 1099-K, which taxes earnings you’ve made on mobile apps.

The “big, beautiful bill” changed the reporting thresholds for 1099-Ks. Here’s what you should know if you get paid through Venmo, PayPal, Cash App or another payment app.

If you're among the many Americans who sell goods online or utilizes third-party platforms such as PayPal, Venmo or Cash App, note that your tax rules are changing. There are a bevy of new tax ...

Rules and reporting requirements depend on whether the cash is income or a gift, how much money changes hands and if you're ...