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1099-C And Student Loan Forgiveness: 2026 And Beyond

Key Points ・Starting January 1, 2026, forgiven federal or private student-loan balances may once again be considered taxable ...
Accounting Today

IRS updates 1099-K guidance for tax season

The Internal Revenue Service revised its frequently asked questions on the Form 1099-K to alleviate confusion this filing season. The Form 1099-K has been of particular concern in recent years after ...
Accounting Today

IRS urged to take action on new information reporting requirements

The Internal Revenue Service needs to do more to get ready for new reporting requirements on the Form 1099-K and 1099-DA, according to a new report. The report, released Thursday by the Government ...
Accounting Today

IRS delays $600 1099-K threshold for another year

The Internal Revenue Service said Tuesday it would postpone the $600 threshold for reporting transactions on Form 1099-K for the second year in a row, and begin to phase in a threshold of $5,000 ...
CNN

IRS postpones rule change on digital payment reporting for small businesses and side hustles

For the second year in a row, the IRS has decided to postpone implementation of a rule change that would affect tax filers who receive business income for their goods and services via payment apps and ...