Reporting Requirements, IRS, Mobile Apps

Will You Recognize the Form 1099-K When You Receive it This Year?

Allen Barron, Inc. on 2/12/2025

Will you recognize the Form 1099-K when you receive it from one or more third-party marketplace providers this year?  A few years ago, the IRS implemented new reporting requirements for many popular peer-to-peer payment apps...more

Form 1099-K Implementation for E-Commerce Platforms Delayed for 2023

Cole Schotz on 12/14/2023

Under a new federal law enacted in 2021 (the “American Rescue Plan” or the “New Law”), Venmo, Pay Pal, Cash App, Etsy, eBay and other e-commerce platforms are now required to send individual users income tax Form 1099-K for...more

What to Know About Reporting Apple Pay, Venmo and Cash App Transactions

Weber Gallagher Simpson Stapleton Fires &... on 10/17/2023

Weber Gallagher’s Family Law Group often reviews payments made through popular mobile apps, including Venmo and Apple Pay, in discovery and for support purposes. Clients who utilize one of the many mobile payment platforms...more

Apple Pay, Venmo, and Cash App Must Now Be Reported to the IRS

Weber Gallagher Simpson Stapleton Fires &... on 2/9/2022

Weber Gallagher’s Family Law Group often reviews payments made through popular mobile apps, including Venmo and Apple Pay, in discovery and for support purposes. Clients who utilize one of the many mobile payment platforms...more

Reporting Requirements › Internal Revenue Service › Mobile Apps

Will You Recognize the Form 1099-K When You Receive it This Year?

Form 1099-K Implementation for E-Commerce Platforms Delayed for 2023

What to Know About Reporting Apple Pay, Venmo and Cash App Transactions

Apple Pay, Venmo, and Cash App Must Now Be Reported to the IRS

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