Never mind the myths; know the facts about receiving a Form 1099-K in 2024
To help taxpayers with filing, the IRS has debunked some common myths to help taxpayers understand what to do with Form 1099-K.
IRS aims to collect on 125,000 unfiled high-income tax returns
The IRS says it will crack down on high-income earners who have failed to file tax returns in 125,000 cases since 2017, resurrecting a non-filer enforcement program that was idled for years by past budget cuts.