Will people will get a Form 1099-K from friends and family sending them personal payments? Payments from friends and family should generally not be reported on a Form 1099-K. Form 1099-K reports payments for goods or services and should not report personal payments like rent, dinner, travel and other gifts
Month: March 2024
Getting Ready to File Your Tax Return
We are in the midst of tax season, and although many people have already had their tax return prepared and filed, many more haven’t started this process yet. If you still need to prepare your 2023 tax return, here are some things you should know. The Essentials The deadline this