Thu, March 6, 2025
[ Thu, Mar 06th 2025 ]: AOL
Sleep Number (SNBR) Q4 2024 Earnings Call Transcript
Wed, March 5, 2025
[ Wed, Mar 05th 2025 ]: Tuko
Kiharu MP Ndindi Nyoro Kicked out As Budget and Appropriations Committee Chair
[ Wed, Mar 05th 2025 ]: Marketplace
10-year Treasury yields are falling. Want the good news first?
[ Wed, Mar 05th 2025 ]: manilatimes
NN, Inc. Reports Fourth Quarter and Full Year 2024 Results
[ Wed, Mar 05th 2025 ]: Politico
Crypto Can't Stop Fighting Itself
[ Wed, Mar 05th 2025 ]: Variety
Jen Hollingsworth, Former Lionsgate and Flawless .. I Executive, Named CEO of Cast & Crew (EXCLUSIVE)
[ Wed, Mar 05th 2025 ]: Forbes
The Hidden ROI Of Risk Management: Why Prevention Pays More Than Cure
[ Wed, Mar 05th 2025 ]: Huawei
Huawei Unveils Five Innovative ICT Services & Sof .. tions to Enable Digital Intelligence Acceleration
[ Wed, Mar 05th 2025 ]: blogTO
Toronto was just named among world's best cities for career growth
[ Wed, Mar 05th 2025 ]: rnz
'1000 cleaner ways to do this': Call for answers on Orr resignation
[ Wed, Mar 05th 2025 ]: WJTV
The Latest: The world reacts to Trump's 'swift and unrelenting action' as president
[ Wed, Mar 05th 2025 ]: Fortune
Deloitte is tracking office attendance to decided bonuses for some staff
[ Wed, Mar 05th 2025 ]: rnz
Shock and Orr: The sudden resignation of the central bank governor
[ Wed, Mar 05th 2025 ]: Huawei
All Intelligent Operations Enables New Growth
[ Wed, Mar 05th 2025 ]: Forbes
Trump Speech To Congress Renews Call For No Tax On Tips
[ Wed, Mar 05th 2025 ]: Reuters
Dollar Tree appoints former Tyson executive as CFO
[ Wed, Mar 05th 2025 ]: manilatimes
Prenetics Announces Fourth Quarter and Full Year 2024 Financial Results, Provides 2025 Guidance
[ Wed, Mar 05th 2025 ]: MarketWatch
Say hello to the 10% savings account - and 9 more .. of the highest APY savings accounts in March 2025
[ Wed, Mar 05th 2025 ]: business
Treasury bill rate decline: Macroeconomic and fiscal implications
[ Wed, Mar 05th 2025 ]: Politico
Trump's go-it-alone vision for America
[ Wed, Mar 05th 2025 ]: Kiplinger
10 Ways to Refine Your Financial Plan for a More Secure Future
[ Wed, Mar 05th 2025 ]: Impacts
Unmasking Cryptocurrency Trading Schemes: The Ris .. , and Fake Investment Schemes in the Digital Age.
[ Wed, Mar 05th 2025 ]: CNET
Did You Receive a 1099-K? Make Sure You Don't Make This Costly Mistake
[ Wed, Mar 05th 2025 ]: GlobalData
China, Canada retaliate against US tariffs
[ Wed, Mar 05th 2025 ]: Fortune
RGA and Equitable pen $32 billion reinsurance dea .. uture earnings as Wall Street issues hold ratings
[ Wed, Mar 05th 2025 ]: IPPMEDIA
Executives, business leaders to meet in Dar for women's rights, empowerment
[ Wed, Mar 05th 2025 ]: Zawya
PIF and SACE sign MoU for up to $3bln to promote Italian companies' engagement in Saudi Arabia
[ Wed, Mar 05th 2025 ]: MSN
Kenya's private sector growth holds steady in February, outlook dim
[ Wed, Mar 05th 2025 ]: IPPMEDIA
Banks, finance, investments counters spur DSE indices movement on month's opening
[ Wed, Mar 05th 2025 ]: Reuters
UK aims to speed up defence contracts, finance minister says
[ Wed, Mar 05th 2025 ]: richest
Elon Musk fails in bid to block OpenAI becoming a for-profit business
[ Wed, Mar 05th 2025 ]: Mint
How Sebi's serial crackdown crimped F&O volumes and crashed broking-firm stocks
[ Wed, Mar 05th 2025 ]: Investopedia
Kash Patel Net Worth: Here's How Trump's FBI Director Made His Money
[ Wed, Mar 05th 2025 ]: Tuko
How to Determine Financial Stability of SACCOs in Kenya: Factors to Consider Before Joining
[ Wed, Mar 05th 2025 ]: MSN
Ocular Therapeutix, Inc. (NASDAQ:OCUL) Q4 2024 Earnings Call Transcript
[ Wed, Mar 05th 2025 ]: CNN
Fact-checking Trump's address to Congress
[ Wed, Mar 05th 2025 ]: ThePrint
Stock market opens in green despite Trump's reciprocal tariffs announcement from April 2
Tue, March 4, 2025
[ Tue, Mar 04th 2025 ]: BBC
Zelensky ready to work under Trump's 'strong leadership' after 'regrettable' showdown
[ Tue, Mar 04th 2025 ]: Moneyweb
Budget 2025: 'There's no agreement yet' - Steenhuisen
[ Tue, Mar 04th 2025 ]: Investopedia
Medicare Advantage vs. Original Medicare: Which Should You Trust Your Health To?
[ Tue, Mar 04th 2025 ]: Forbes
AI: Balancing Innovation With Privacy, Fairness And Ethical Governance
[ Tue, Mar 04th 2025 ]: CNN
Lutnick: US could announce trade deal Wednesday with Mexico and Canada after imposing tariffs
[ Tue, Mar 04th 2025 ]: Variety
Behind the 'Sickening' Collapse of Technicolor an .. re Is Sending Shockwaves Through the VFX Industry
[ Tue, Mar 04th 2025 ]: CNET
Tariffs Explained: What They Mean for You as Canada-Mexico Duties Take Effect
[ Tue, Mar 04th 2025 ]: Fortune
Target CEO joins swarm of Fortune 500 executives .. as Trump's tariff fallout hits the grocery aisle
[ Tue, Mar 04th 2025 ]: MarketWatch
Revenge of the killer tomato tariffs
[ Tue, Mar 04th 2025 ]: MSN
Small Business Owner Burnout: Exhaustion & Challenges
[ Tue, Mar 04th 2025 ]: Newspoint
Retirement: Have you reached 45 years of age and .. t done any retirement planning? Try this method..

Did You Receive a 1099-K? Make Sure You Don't Make This Costly Mistake

Because of the way IRS computer systems are configured, the IRS computers will not detect an over-reporting of income and send you a refund for the difference. If you report too much income, the IRS simply assumes that you were paid for some work in some other way, such as by cash or check, rather than an electronic payment processor.
The article from CNET discusses the implications of receiving a Form 1099-K, which is used to report income from payment card and third-party network transactions. It highlights a common and costly mistake made by taxpayers: assuming that the amount reported on the 1099-K represents their total taxable income. Instead, the article explains that the 1099-K might include transactions that are not taxable, such as reimbursements or transfers between personal accounts. It advises taxpayers to carefully review their transactions, subtract any non-taxable amounts, and only report the actual income on their tax returns. The piece also notes changes in the reporting thresholds for 1099-K forms, which could lead to more people receiving this form, and emphasizes the importance of understanding what constitutes taxable income to avoid overpaying taxes or facing penalties for under-reporting.

Read the Full CNET Article at:
[ https://www.cnet.com/personal-finance/taxes/did-you-receive-a-1099-k-make-sure-you-dont-make-this-costly-mistake/ ]