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.

Once you receive Form 1099-INT, review it carefully to ensure all information is accurate, including your name, taxpayer identification number (TIN), and the interest amount reported.

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 ...

This year, some gig workers, freelancers and small business owners received an unfamiliar IRS tax form: a 1099-K. If you're one of them, how you report this form on your tax return could ...

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.

Too much interest income-or not enough Your 1099-INT, which documents the amount of interest income you earned in a year, could show that you either earned too much or too little to be efficient.

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.

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.

This year, taxpayers will receive a 1099-K from payment card companies, payment apps, and online marketplaces when the amount of their business transactions during 2024 was more than $5,000. Under ...