Understanding a Sample 1099-K Situation: Freelancing Through PayPal
With the rise of the gig economy and the increased reliance on digital payments, more people are receiving IRS Form 1099-K, Payment Card and Third Party Network Transactions, than ever before. The form plays a critical role in reporting income received through third-party payment platforms like PayPal, Venmo, or Stripe. Here’s a sample scenario to […]
