Payroll September 1, 2026
What the New 1099 Reporting Rules Mean
The IRS has updated Forms 1099-NEC, 1099-MISC, and 1099-K for 2026 to separately report information related to tips and qualified overtime compensation.
Taxes October 23, 2025
IRS Issues New FAQs on $20,000 Form 1099-K Threshold Under OBBBA
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
1099-K Tax Rules: What You Need to Know if You Get Paid Via Venmo, Cash App, or PayPal
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
So, You Received a 1099-K. Now What?
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
Taxes for Gig Workers: Survey Shows Many Are Unprepared for Lower 1099-K Reporting Threshold
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
Survey Shows Proposed 1099-K Rules Would Hurt Sellers
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.