Monthly Archives: February 2025

Each year, millions of Americans receive 1099-K forms from third-party payment platforms like PayPal, Venmo, and Stripe. In 2025, this number is expected to rise significantly as the IRS lowers the reporting threshold for 1099-K forms from $20,000 to $5,000 for this tax filing season, with plans to decrease it further to $600 annually. Taxpayers […]