Topics with Label: Tax Documents

Tax

Hello I would like to inquire about the types of taxes and the differences between them. The difference between taxes in Canada and US . How is income tax calculated and how is tax money returned?

Hello! I am brand new, just set up my llc and sales tax license this week. USA.When setting up the sales tax rates to make sure I'm accurately having enough taxes taken out, why would I need to add more regions than the city/state where my business r...

What can I do about an incorrect 1099 from 2019

I need a corrected 1099K for tax year 2019 and paypal is refusing to give me one. They keep telling me to hire a tax advisor. Is there anything I can do? They are saying I made over $14000 and I made 0 through paypal but they won't fix their mistake

What is Paypal's TIN and address?

What is Paypal's TIN and address? I don't qualify for a tax form, but my tax software still requires Paypal's TIN and address to report the numbers? The call center only gives canned answers that have nothing to do with what I am asking. Can some...

How to pay income tax to Canada CRA using a US account

How to pay income tax to Canada CRA using a US account?

Calendar year 2024 1099-K reporting threshold.

The IRS website states that the 2024 1099-K reporting threshold is $5,000, while Paypal still shows it at $600. Will it updated to reflect current IRS regulations?

Paypal income taxable in Canada?

I want to know income on paypal is taxable in canada, i.e. do i need to report this income? does paypal report this income to CRA?

How to Report Gambling Losses?

Hello, I am desperate for help and would appreciate any insight the community can provide. In 2019 I engaged in far more online gambling and sports betting than I should. It has taken time, but I have thankfully been able to put this chapter of my ...

1099 k includes coupons.com transactions?

Guys, why does my 1099 k include coupons.com transactions? this is a cashback rebate app. This makes absolutely no sense! why doesnt paypal remove this automatically? has anyone recived this? what should I do

Resident of MA with a lower 1099K reporting threshold ($600) but I have received no form

I live in a state (Massachusetts) that has a $600 1099K reporting requirement for payments received for 2023. However, I do not meet the federal threshold for 2023 reporting which is $20,000 and 200 transactions. My understanding is that I should hav...

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MULTIPLE SALES TAX RATES