Form 1099-K, Payment Card and Third Party Network Transactions, is filed by third-party settlement companies. This includes banks and payment processors, such as PayPal, that handle your credit and debit card payments as well as electronic payments. It also includes payments made via Venmo, Cash App, and other such apps.
Read MoreThis is because tax planning — a lot of which should be done or at least considered before the end of the year — is just as important as tax compliance (otherwise known as filing your tax returns).
Read MoreThe pandemic has turned many businesses upside down, but sales for niche products such as soap for phones are exploding
The coronavirus pandemic is turning economies and our daily lives upside down. Some larger companies that provide home entertainment, hand sanitizers, delivery services, pharmaceutical research and even toilet paper (who would’ve guessed?) are poised to take advantage. But it’s not just these large companies that are benefiting and looking for ways to help.
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