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The lower 1099-K threshold will produce millions more forms to be sent to taxpayers, and may prompt many to abandon online marketplaces and gig economy jobs.
November 28 -
Thanks to the lower threshold, the service expects to receive about 44 million 1099-Ks in 2024, up from about 14 million.
November 16 -
A pair of lawmakers proposed to raise the required threshold for reporting on gig payment transactions from $600 to $10,000.
May 19 -
State doings; Medicare won't wait; the wayside; and other highlights from our favorite tax bloggers.
February 7 -
The firm's new platform, Talent Shift, matches accounting, tax and advisory gig workers with relevant work opportunities.
December 13 -
Is our profession heading toward a gig economy?
December 9L&H CPAs and Advisors -
The best firms are currently securing independent contractors to assist during the 2023 busy season and beyond.
December 6PeopleCaddie -
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Just $600 in gross sales is going to trigger a 1099-K for gig workers and sellers on sites like eBay and Etsy.
October 25Thomson Reuters Tax & Accounting Professionals