Tax Foundation – Miami Crypto Coin

Declare the Side Hustle — Americans Are Concerned About the 1099-K Tax Rule for Payments Over $600

Post author:MiamiCrypto
Post published:June 10, 2022
Post category:$600 1099-K summary Alex Muresianu business income Depop eBay Facebook Marketplace freelancing Gig Economy Internal Revenue Service IRS IRS oversight Payments Records side hustle side hustles tax tax code Tax Foundation Tax Requirement Taxation taxes

Americans are worried about a new tax reporting requirement that will force applications like Venmo, Cash App, Paypal, Airbnb, and Ebay to send 1099-K forms to users. The U.S. Internal…