The IRS on Friday announced a delay in the $600 reporting threshold for third-party settlement organizations, which had been in effect for the 2022 calendar year. As a result, the IRS says third-party ...

The IRS requires Purdue, as an employer, to report whether an employee and dependents (if applicable) had coverage in 2022. Therefore, employees receive Form 1095-C, which details whether they were ...

Christmas came early (again) this year for many taxpayers and tax professionals. The IRS has announced that it would (again) delay the new $600 Form 1099-K reporting threshold for third-party ...

WASHINGTON (KABC) -- Anyone being paid for their goods and services through apps like Venmo or Etsy just got a reprieve from the IRS. The revenue service announced it would delay the implementation of ...

2023 was going to be the first year in which people who earned at least $600 from online platforms like eBay, Etsy, Venmo and CashApp were going to receive 1099-K income tax forms. But right before ...

As background, changes made by the Tax Cuts and Jobs Act in 2017 required the IRS to revise the withholding tables and develop new forms to use to withhold taxes from periodic payments. As we near the ...

An early draft of the 2022 IRS tax form sees cryptocurrencies, stablecoins and nonfungible tokens grouped under a new “Digital Asset” category. American taxpayers will find a broader, more defined ...

The IRS collected a single-year record of $4.9 trillion of total tax revenue from return filings in fiscal year 2022, the Treasury Inspector General for Tax Administration (TIGTA) said in a report on ...