The Form 1099-K is meant to report income from payment apps (like Venmo or Paypal), as well as from online marketplaces or gift cards. Third-party payment services send this form to taxpayers who cross the reporting threshold and a copy goes to the IRS, as well.

The IRS currently requires any third-party payment apps like Cash App and Venmo to send a 1099-K to the IRS and individuals if they earned more than $20,000 in commercial payments

The IRS expects more than 140 million returns for Tax Year 2024, with changes for third-party payment platforms and important tax credits to consider.

JetBlue announced last week that it will now accept Venmo payments, a first for the airline industry. The new arrangement has many advantages but also a few uncertainties, especially for travelers ...

JetBlue Airways is now accepting Venmo as a payment option for its flights. It marks an industry first, according to the carrier. On Tuesday, the airline began accepting the payment option when ...

JetBlue says travelers can now use Venmo to book flights, making it the first carrier to accept purchases through the payment app. The option to pay for flights with Venmo is now available on the ...

JetBlue Airways is now accepting Venmo as a payment option for its flights. It marks an industry first, according to the carrier. On Tuesday, the airline began accepting the payment option when ...

JetBlue now accepts Venmo payments for flights, in what it called a first for airlines on Tuesday. Venmo payment options are available on the airline’s website and will roll out on their mobile ...

For some, this could be a stressful time of year, but being prepared is a critical step to an accurate tax return with the biggest refund.

JetBlue announced on Tuesday that it will now let travelers pay with their Venmo accounts for reservations made on its website. The peer-to-peer app allows users to send money to individuals and ...

US customers looking to book flights with Venmo are shown a pop-up window with a QR code to scan on the payment app. The flight amount will then appear in the Venmo app, allowing users to pay ...

IRS' lowering income standard for self-employed from $20,000 to $5,000 a year means more 1099K forms are being sent in the mail