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IRS Form 1099-K

Reporting Payment Card and Network Transactions on Form 1099-K

If you work for yourself and get paid through online payment services like PayPal or Square, you might receive a form called a 1099-K. This form shows how much money you received through that service during the previous year.

Even though it might seem like just another boring tax form, it’s actually really important to understand what it is and how to use it for your taxes.

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Understanding Venmo, PayPal, & Zelle Taxes

Taxes for Venmo, PayPal, Zelle and more

In today’s digital age, more and more people are using money-transferring apps like Venmo, PayPal, Cash App, and Zelle to transfer money to friends, family, and businesses.

While these apps are convenient and easy to use, they may also come with tax problems.

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