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Finally, for the 2024 tax year, the IRS required that platforms - such as PayPal (PYPL) or its sister business Venmo - send out 1099-K forms reporting income if payments reached $5,000.
Form 1099-MISC (for payments not covered by other 1099 forms), and Form 1099-NEC (for nonemployee compensation) have been ...
The “One Big Beautiful Bill Act” signed into law on July 4, 2025, makes two important changes to tax reporting requirements that should be of interest to employers. 1099 Reporting Threshold ...
The version of the Republican megabill passed by the House last month includes a provision that ends an effort to get 1099-K ...
The "big, beautiful bill" offers tax breaks that can benefit small-business owners — but it may have additional impacts that ...
Finally, for the 2024 tax year, the IRS required that platforms — such as PayPal or its sister business Venmo — send out 1099-K forms reporting income if payments reached $5,000.
Re-engineering the Tax Code: The product of years of Republican effort, the American tax code now blends traditional supply-side economics with President Trump’s populist 2024 campaign promises.
The IRS will have much less of a view into how much income small businesses and independent contractors make because there ...