New IRS Update Requires Form 1099-K For Payments Of $5K+ Received Through Cash App Or PayPal
by Jeroslyn JoVonn December 27, 2024 Freelancers making $5,000 from third-party payment apps will be required to report it on their taxes. The Internal Revenue Service (IRS) now requires freelancers to report payments of $5,000 and up received via third- …