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The truth about the 1099-K thresholds and if you have to report that income 1 год назад


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The truth about the 1099-K thresholds and if you have to report that income

It's no wonder we have no idea what's going on. They keep changing the 1099-K threshold regulations only to later kick the can down the road. In this video I explain how to deal with all that commotion. 1) SUBSCRIBE to learn how to get a handle on your business!    / @notyourdadscpa   2) FREE GUIDE: "Business Starter Guide for Resellers" https://notyourdadscpa.com/business-s... 3) COME JOIN THE FREE GROUP! Accounting for Online Sellers free Facebook group:   / accountingforsellers   4) READY TO DITCH THE TAX ANXIETY? Reseller Tax Academy: https://www.resellertaxacademy.com/ Bookkeeping Basics for Resellers: https://notyourdadscpa.com/bookkeepin... Reseller Finance eBook: https://notyourdadscpa.com/reseller-f... 5) LET'S CONNECT! Follow for tips on Instagram!   / notyourdadscpa   Facebook:   / notyourdadscpa   Website: https://www.notyourdadscpa.com 6) NEED TAX HELP? Join my signup list here: https://notyourdadscpa.com/tax-season/ TIMESTAMPS 0:00 - Introduction & Common Misconception About 1099 0:13 - Host Introduction 0:21 - Hype Around 1099-K & IRS Targeting 1:11 - Explanation of 1099 Forms 1:25 - How the IRS Tracks Income 2:12 - Misconceptions About 1099-K Thresholds 2:30 - Changing Thresholds and Reporting Confusion 3:08 - Importance of Reporting Income 3:56 - Handling IRS Letters 4:42 - Filing Amended Tax Returns 5:06 - State-Level 1099-K Requirements 5:17 - Conclusion & Call to Action 5:39 - Outro & Social Media Plug

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