Did You Receive an Unexpected 1099K ?

Описание: Companies like Ebay, Paypal, Venmo, CashApp, and many others are still sending IRS form 1099K for transactions over $600 even though the IRS issued guidance in December that the new IRS 1099-K rules were postponed for one year.

I’m hearing many reports that these companies and payment settlement entities are incorrectly sending out 1099K’s under next year’s rules even though the IRS said not to. In this video, I’ll show you what you need to do if you receive an IRS form 1099-K, that was in error. You can’t just ignore it.

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Hey there, welcome to my channel! I'm Noel Lorenzana, a licensed CPA in Illinois. My goal is to help you pay only what you legally owe in taxes, and take the fear out of dealing with taxes and the IRS. Just a heads up—watching this video doesn't make me your personal accountant. No client relationship is formed here. Enjoy the video!

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Thanks for watching my video on, Did You Receive a 1099-K Sent in Error?

Disclaimer: This video, and the ideas presented in it, are for entertainment and informational purposes only and should not be construed as accounting, tax, legal, financial, or investment advice. It is your responsibility to independently verify any information before relying on it or taking action. Always consult with a qualified professional regarding your specific situation.

⏱️VIDEO CHAPTERS⏱️
00:00 - Did You Receive a 1099-K Sent in Error?
00:55 - Postponement of the New $600 1099K Reporting Rules
01:23 - What to Do if You Received 1099K?
02:12 - What to Do if You Receive a 1099-K By Mistake?
02:37 - What if You've Already Filed Your Tax Return?
03:33 - If You Have a Question About a 1099K Form That You Receive
03:47 - What Happens If You Don't File A 1099?

Replay Video Link:    • Did You Receive an Unexpected 1099K ?  

#1099k #1099kerror #irsnews