If friends and family members have paid me over $600 using the Family
and Friends option on PayPal, not for goods and services, do I have to
claim it on my taxes?
mkbrennerPosted 4 weeks ago
| Latest post 4 weeks ago by
Opus 17
The website/app says that all transactions have been updated and that it
has good connectivity to USAA. However, only my checking account
transactions are flowing in. My credit card transactions haven't been
updating the past two weeks. How can I fix...read more
I just became a consultant for a company, an independent contractor.
It's part-time but I do earn more than $600/mo. My questions are, how
can I make sure I'm deducting enough taxes and do I need to file
quarterly? Thank you, Michael
Hi. I regularly send family (and sometimes friends) money ($25 min up to
$1,000 max) through Zelle, CashApp, and Venmo. Do I have to pay taxes on
my own money that's sent as a gift or to pay half of a joint bill or
even from one account to another at...read more
When it comes to issuing a 1099-K do you issue them with the gross or
net amount the 1099-k received? Meaning sometimes companies have a take
rate portion before the contractor receives their portion. I have
received a 1099-k in the past it shows a h...read more
95% of everything I sell on eBay & Mercari is at a loss. None of it is
"Profit"... I sell for someone else who just wants to get rid of the
items she has collected over the years. She does not have receipts. How
do I handle this? Do I have to list ev...read more
I see every other payment app being listed beside zelle regarding $600
income taxes 1. is Zelle a wire transfer? 2. Do you pay taxes when
receiving “tips/ splitting the bill” when $600 has been reached on Zelle
3. Will Zelle send a 1099 Form?
Two questions: 1) Approximately how much money does one need to make
through self-employment before they have to file quarterly payments? 2)
Is the self-employment tax (fed and state) the only payments that need
to be made, or are there other payment...read more
I buy items at garage sales and sell them on e-bay. At the end of the
year, they will send me a 1099-K. I have no receipts for these purchased
items. I sell them for a profit, but I don't want to report the total as
income, since I did buy them. How ...read more
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