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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 ...
According to the IRS, the 1099-K form will show the payments received to ensure taxpayers pay the correct amount of taxes. If you received $5,000 or more from different apps, you will receive ...
But location matters — for example, a bartender at a busy bar in Manhattan making $218 a night will pull in around $4,523 a month or $63,878 a year before tax. 2. Server
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 ...
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.
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