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IRS to begin sending 1099-K forms for some payments
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khou.com
0:35
👀 Have you heard about the changes to Venmo? @ecommjess thought we should clear up any confusion. 📄 Form 1099-K is a tax form used to report payments for goods and services transactions. Companies that facilitate these payments, like debit/credit card companies, PayPal, Stripe, Venmo, etc. are required by law to file them with the IRS and send copies to the payment recipient. 💰 Venmo’s 1099-K tax reporting requirements only apply to payments received for goods and services and DO NOT apply to
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