IRS delays tax reporting rule change for business payments on apps such as Venmo and PayPal
Date: | |
Link: | Read more at "CNBC" |
Topics
Sort by
Filter
Date
Items per page
-
You may still owe taxes on resold Taylor Swift tickets even without PayPal, Venmo IRS reporting
The IRS delayed a tax reporting change for payment apps such as Venmo and PayPal, but you may still owe taxes for resold Taylor Swift tickets, experts say.Nov. 28, 2023 - cnbc.com - US Top News and Analysis -
App payment confusion causes IRS to delay $600 sales reporting threshold — again
Taxpayers and gig workers who use apps such as Venmo and Paypal to make money selling personal goods and services don’t have to worry about the new $600 threshold for reporting sales on form 1099-K to the IRS this year. Confusion about the new ...Nov. 21, 2023 - thehill.com - Just In News | The Hill -
IRS delays $600 reporting rule for online payments — again
Tax agency also said it will boost the reporting threshold to $5,000, from $600, in 2024 as it phases in the new regulation.Nov. 21, 2023 - cbsnews.com - Home - CBSNews.com -
IRS Delays Tax Rule for Online Sellers---Again
The tax agency warned of headaches for users of eBay, Venmo and Ticketmaster if it had started enforcing the new Form 1099-K rules.Nov. 21, 2023 - online.wsj.com - WSJ.com: World News -
Users of Venmo, Cash App and Other Digital Wallets Get a Tax Reprieve
The Biden administration has faced backlash from small-business owners who called the new I.R.S. reporting requirements confusing and onerous.Nov. 21, 2023 - nytimes.com - NYT > Business -
The IRS delayed a new requirement affecting people who sell things on eBay, resell concert tickets, and use payment processors such as Venmo.
The IRS delayed a new requirement affecting people who sell things on eBay, resell concert tickets, and use payment processors such as Venmo.Nov. 22, 2023 - online.wsj.com - WSJ.com: World News -
Yes, You Absolutely Should Sign Up for the New IRS Business Tax Account
The new business tax account from the Internal Revenue Service could roll out a suite of new features as soon as 2024.Nov. 17, 2023 - inc.com - Inc.com -
The Supreme Court changed the rules on affirmative action — now minority small-business owners are hurting
Should a business owner be entitled to a grant just because of the color of their skin or their gender preference or their cultural background?Nov. 16, 2023 - thehill.com - Just In News | The Hill -
TaxWatch: IRS announces 2024 income-tax brackets: Here’s what they mean for your tax bill
The IRS increased the ranges on income-tax brackets by approximately 5.4% for 2024 returns.Nov. 10, 2023 - marketwatch.com - MarketWatch.com - Top Stories -
TaxWatch: Do you make money selling stuff on eBay or PayPal? The IRS is saving you a tax headache — for now
The IRS is holding off on implementing new tax laws that could affect Etsy, eBay and PayPal users for the second year in a row.Nov. 25, 2023 - marketwatch.com - MarketWatch.com - Top Stories -
MLB mulling rules changes to pitch clock, mound visits, pitcher warmups and more, per report
Most of the proposals are aimed at cutting more dead time out of gamesNov. 17, 2023 - cbssports.com - CBSSports.com Headlines - MLB -
Payments app Zelle begins refunds for customers hurt by imposter scams
Banks on the payment app Zelle have begun refunding victims of imposter scams to address consumer protection concerns raised by U.S. lawmakers and the federal consumer watchdog, in a major policy change.Nov. 13, 2023 - nbcnews.com - NBC News Politics -
Booking.com to compensate some hotels over delayed payments but others miss out
Travel website apologises to partners left out of pocket, but those told they do not qualify for compensation say it adds insult to injury. Travel website Booking.com has apologised and offered some hotel operators cash compensation for leaving ...Nov. 10, 2023 - theguardian.com - The Guardian -
IRS Court Win Paves Way for Higher Taxes on Hedge Funds
The ruling could close off a technique popular among fund managers that lets them exclude millions of dollars in income from self-employment taxes.23 hr ago - online.wsj.com - WSJ.com: World News -
Lawmakers urge IRS to crack down on American tax dodgers in Puerto Rico
The IRS has identified 100 wealthy mainland Americans allegedly claiming tax benefits in Puerto Rico unlawfully.Nov. 22, 2023 - cbsnews.com - Politics - CBSNews.com -
House Democrats press IRS on probe into Puerto Rico tax breaks for wealthy investors
A group of Democrats are pressing the IRS for updates on an investigation of 100 high-income individualsNov. 21, 2023 - nbcnews.com - NBC News Top Stories -
IRS takes aim at environmental write-offs in tax evasion crackdown
The IRS put out new guidance on Friday to stymie a well-worn tax evasion scheme that allows write-offs for land left undeveloped in order to promote environmental conservation. Landowners can claim a credit for what they would have earned on their ...Nov. 17, 2023 - thehill.com - Just In News | The Hill -
Yelp Profit Soared With Help From IRS Guidance on R&D Tax Deductions
A one-time tax adjustment boosted third-quarter earnings as Yelp’s effective tax rate ended up being much lower than it expected.Nov. 10, 2023 - online.wsj.com - WSJ.com: World News -
TaxWatch: Standard deductions for 2024 taxes will jump due to inflation, IRS numbers show
90% of people use the standard deduction to lower their taxable income, IRS stats say.Nov. 10, 2023 - marketwatch.com - MarketWatch.com - Top Stories -
The risky business that put IPO disaster CAB Payments on the map
What happens in Lagos stays in LagosNov. 10, 2023 - ft.com - UK homepage -
IRS to Raise Tax Brackets, Standard Deduction by 5.4%
Here’s an upside to persistent inflation: More of your income will be taxed at lower rates next year.Nov. 9, 2023 - online.wsj.com - WSJ.com: World News -
IRS announces new income tax brackets for 2024
The IRS on Thursday announced higher federal income tax brackets and standard deductions for 2024.Nov. 9, 2023 - nbcnews.com - NBC News Top Stories -
IRS announces new income tax brackets for 2024
The IRS on Thursday announced higher federal income tax brackets and standard deductions for 2024. Here's what taxpayers need to know.Nov. 9, 2023 - cnbc.com - US Top News and Analysis -
IRS announces 2024 income tax brackets – see where you fall
Millions of Americans could take home more pay in 2024 thanks to inflation adjustments to the tax code announced by the IRS.Nov. 9, 2023 - thehill.com - Just In News | The Hill -
IRS Cautions on Pandemic Employer Tax Credit
The Internal Revenue Service and tax firms are preparing for legal fights about what counts as a government order.Nov. 9, 2023 - online.wsj.com - WSJ.com: World News