Taxing Questions by David Zubler ...

There’s a growing mismatch between how taxpayers think crypto taxes work and how the IRS now expects them to be handled, says ...

For those who have received a 1099-K from Block, Inc. about a Cash App account you did not open, please call 1-800-969-1940 and ask for the designated team working with identity theft victims.

New Rules for Form 1099-K For the 2023 tax year, third-party payment processors only needed to send out 1099-Ks if account holders conducted more than 200 transactions totaling at least $20,000 in ...

'I was honestly shocked and confused': 1099-K Identity Theft still happening; here's what to need to know By: Alicia Smith Posted 3:14 AM, Mar 19, 2025 and last updated 9:45 AM, Mar 19, 2025 ...

You'll receive a 1099-K form if you use a third-party payment service, such as PayPal, Venmo or CashApp, to receive freelance income and you earned $5,000 or more via these platforms in 2024.

A payment app or online marketplace like Zelle, Apple Pay, Cash app, etc., must send you a Form 1099-K if the payments you received for goods or services total over $5,000.

A financial adviser would be looking at the 1099-B that comes from the custodian of your investment accounts. If they see a lot of gains and no losses to offset them, it sets off red flags.

In other words, the 1099-DA form does not mean there’s a change in tax code. Nor does it mean you’re going to get away with tax-free gains from virtual assets in 2024.

Common examples for when people could be surprised by a 1099-K include selling concert tickets for substantially elevated prices, like those for the Taylor Swift Eras Tour, which ran through 2024.