IRS Press Release Archives
New 1099-K Form $600 Threshold FAQs
Beginning in 2022, third-party payment processors like Venmo, Zelle, PayPal and Square must file a Form 1099-K for any taxpayer who receives over $600 in gross payments for goods or services during a year. Here …
Summer Income Tax Reminder
Students and other young people who earn summer income, including gig economy and other self-employment income, should prepare now for potential federal tax obligations. As a reminder, parents and guardians cannot generally include their dependents’ …
Upcoming Tax Deadlines
Certain Small Employers – Deposit any undeposited tax if your tax liability is $2,500 or more for 2022 but less than $2,500 for the second quarter.
Employers – Deposit the tax owed through June if more …