Fact Sheet 2025-08 goes into detail regarding the dollar threshold for filing Form 1099-K under the One, Big, Beautiful Bill ...

Form 1099-K is used to report payments received for goods or services processed through payment apps, online marketplaces, ...

As the name suggests, annual reports are due every year in the state in which you're operating your business, though some ...

Form 1099-K reporting requirements have created a lot of confusion, and it's understandable why. Many of those sellers haven’t received 1099-Ks before, so understanding the new rules is important for ...

The underpayment penalty is a 7% charge imposed on taxpayers who didn’t pay all of their estimated income taxes or paid estimated taxes late.

Otherwise, income brackets are "moving up for 2026, with a bigger bump for the lowest brackets because of this year’s new tax ...

The Internal Revenue Service released several key updates last week implementing provisions of the One, Big, Beautiful Bill ...