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Small business owners, independent contractors and gig workers soon will be getting 1099-K tax forms if they used any payment platform on which they had at least $5,000 in business transactions in ...
The changes were supposed to take effect for the 2023 tax year, but they have been delayed. The tax filing deadline is April 15. Logos for Cash App are shown on devices in New York, Sept. 8, 2023.
If you've received at least $600 from apps like PayPal and Venmo, you'll get a 1099-K form. However, that doesn't mean you have to pay taxes on all of that income.
While a side gig can help you with paying down debt... Skip to main content. Subscriptions; Animals. Business. Entertainment. Fitness. Food. Games ...
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Knowing this information from the start can make the entire tax process much easier. For example, some gig workers may need to pay quarterly estimated taxes, per H&R Block. Knowing tax obligations ...