IRS to begin sending 1099-K forms for some payments
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IRS to begin sending 1099-K forms for some payments
Nov 21, 2023
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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
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