If you're one of the millions of creators who sell items through online marketplaces such as eBay, Etsy and Facebook Marketplace — there are more than 8.1 active sellers on Etsy alone, according to to ...

Add Yahoo as a preferred source to see more of our stories on Google. Selling on the likes of Etsy and eBay? The IRS doesn't want you to forget its share from your wares. Under the American Rescue ...

In the United States, IRS tax form 1099-K, Merchant Card and Third Party Network Payments, has just landed on the desks of merchants who accept and make transactions online. Aimed at increasing ...

(NewsNation) — Fewer side hustlers who get paid through such apps as Venmo or PayPal will get a tax form this year, but the IRS still expects them to report the money they made. “Even if you don’t get ...

The "tax gap" is the gap between taxes owed and taxes paid, which is a direct result of the gap between income that is taxable and what income is reported. Experts estimate that more than $400 billion ...

If you’re a freelancer, business owner, or just have a small side hustle, you should know about the new tax requirement this year for electronic payments through Venmo, PayPal, online marketplaces and ...

A Form 1099-K reports the gross amount of payment transactions from credit cards, digital payments, and other platforms that manage payments between two parties. — Getty Images/Compassionate Eye ...

The Internal Revenue Service updated its frequently asked questions Wednesday about Form 1099-K, the information return used for reporting transactions involving payment cards and third-party networks ...