Taxes October 23, 2025
The Republican tax-and-spending law reverts the threshold for online sales reporting to $20,000 and 200 transactions per year, as it was before 2021. The provision is applied retroactively to the 2022 tax year.
Taxes February 24, 2025
If you get paid through Venmo, PayPal, Cash App or another payment app, you may receive an IRS Form 1099-K this year. Here's what you need to know.
Taxes February 5, 2025
The IRS initially planned to lower the reporting threshold to $600, but implementation has been delayed. For the 2024 tax year, the threshold is $5,000, though reductions are expected in 2025 and 2026.
Small Business February 3, 2025
More than 20% of respondents plan to pay a tax professional for the first time as a result of 1099-K reporting changes and complexity.
Taxes November 28, 2023
As a result of these proposed changes, 83% of marketplaces anticipate sellers to leave their platforms, and a majority (55%) of marketplace sellers and gig workers are reconsidering online selling and on-demand work.