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

Posted on June 10, 2022
In $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 Revenue Service (IRS) is specifically focusing on payments of $600 or more for goods and services received through a third-party payment network. US Residents Think […]
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