New tax rule on apps like Venmo could spell confusion for small businesses
Starting next year, a new IRS rule will require anyone who earned over $600 on payment apps in 2023 to file a 1099-K form.
Watch CBS News
Starting next year, a new IRS rule will require anyone who earned over $600 on payment apps in 2023 to file a 1099-K form.
The tax deadline is just one week away. Richard Rubin, U.S. tax policy reporter from The Wall Street Journal, joins CBS News to discuss last-minute tips, how the IRS notifies filers of any issues and the status of the IRS' backlog.
Tax refunds are about 10% smaller this year compared to the year before. Many Americans are feeling the effects as inflation remains high and pandemic-era relief winds down. Mark Strassmann takes a look for the "Tax Time" series.
By one estimate, roughly 70% of Americans worry about tax refunds this year, mainly because of expiring pandemic relief programs.
The deadline to file your taxes this year is April 18. But if you're running behind, there's a way to get a little more time. Tim Speiss, a partner at Eisner Advisory Group, joins CBS News to discuss how to file an extension.
With just a few days until the tax filing deadline, the IRS is warning taxpayers to watch out for some common schemes used by fraudsters. Nancy Chen has a look at how to protect yourself from tax scams.
The Internal Revenue Service is laying out how it will spend $80 billion to improve its services. Karla Dennis, an enrolled agent and founder of Karla Dennis & Associates, joins CBS News to discuss the expected changes and their significance for taxpayers.
Taxes for older Americans can be complicated — here's what to keep in mind as the April 18 filing deadline nears.
The IRS is limiting which vehicles qualify for the Biden administration's electric vehicle tax credit. John Milikowsky, founder of Milikowsky Tax Law joined CBS news to discuss the changes, and discusses the IRS's annual list of scams that tax-payers should be aware of as they're filing their taxes.
Differences in local tax rates across the U.S. can add up for those who live in certain states.
With the April 18 deadline to file taxes fast approaching, the IRS is warning this year's refund check will most likely be less than previous years. David Peters, a financial advisor and CPA, joined CBS News to discuss some last minute tips for those who have yet to file.
If you're trying to figure out when your refund is landing, some steps are a giant waste of time, the IRS says.
A CPA and executive vice president of accounting firm Piascik explains what the IRS is looking for and what could actually trigger an audit.
With the tax deadline roughly one month away, it's a good time to think about how to invest your potential tax refund. Dan Geltrude, founder of Geltrude and Co., joined CBS News to discuss investment strategies for maximizing your refund.
Everything you need to know about TurboTax before the 2023 tax deadline.
Some small business owners could be in for a shock this tax season. Rebecca Walser, a tax attorney and president of Walser Wealth Management, joins CBS News's Elaine Quijano and Jericka Duncan with more.
Early IRS data provides a peek at what to expect for the millions of Americans who have yet to file their taxes.
Julia Glum, a news editor at Money and author of the Dollar Scholar newsletter, joins CBS News' Lilia Luciano and Lana Zak to discuss home office deductions. She explains who qualifies for them, which expenses are eligible and how to calculate them.
Many tax benefits instituted during the pandemic have lapsed, which means some people could see smaller refunds.
Tax experts and the IRS itself have warned about smaller refund checks this year due to expiring pandemic aid.
The Internal Revenue Service says it will not be collecting federal taxes against payments issued in several states last year to offset inflation. But, certain requirements are being imposed in some states. Rebecca Walser, president of Walser Wealth Management, joins CBS News' Lilia Luciano and Lana Zak to answer questions about the tax confusion.
Taxpayers could save on taxes because of a higher standard deduction and more generous thresholds for each bracket.
In case you missed it, we previewed Super Bowl ads before Sunday's big game and a first-time lottery player discovered her lucrative luck.
Tax agency said it is trying to determine whether tax rebates, issued in many states last year, count as income.
Every year, the IRS asks Americans to file their taxes early. This year, however, the agency is telling millions of Americans who received special refunds from their state to hold off for now in order to determine if those refunds are taxable or not. Jacob Bogage, a business reporter for the Washington Post, joined CBS News to break down what this means.
The images were sent to CBS News by active service members under condition of anonymity.
The family of 37-year-old Tierra Walker filed a lawsuit against Texas Attorney General Ken Paxton and others, saying she was denied an abortion that could have saved her life.
Selling retatrutide commercially is prohibited by federal law. Yet, companies have promoted the drug on social media, thanks in part to being certified by LegitScript.
Tuesday's hearing marked the first time that Patel has publicly addressed the new hiring standards related to prostitution, employment theft and bestiality.
The Iran war has cost the U.S. military at least $33.4 billion — most of it on munitions — and not including hundreds of millions more spent by other agencies, the Pentagon says.
The Federal Reserve is likely to raise borrowing costs on Wednesday, and more hikes could be in store, according to economists.
Ukraine's Volodymyr Zelenskyy says Russia targeted his plane with drones as part of a campaign to intimidate him and other foreign leaders.
Health officials in Gaza say a building damaged months ago by an Israeli strike has collapsed, killing people from 6 displaced families who had taken shelter inside.
In the latest episode of "Healthful," Olympic gold medalist Aly Raisman discusses what she's learned about speaking up for herself and taking care of her body.
The wildfire, which has torn through Palo Pinto and Jack counties, forced evacuations, closed roads and disrupted schools.
In the latest episode of "Healthful," Olympic gold medalist Aly Raisman discusses what she's learned about speaking up for herself and taking care of her body.
The university has faced harsh criticism for a lack of key safety measures on the day of the shooting.
Selling retatrutide commercially is prohibited by federal law. Yet, companies have promoted the drug on social media, thanks in part to being certified by LegitScript.
A Georgia judge has put an execution on hold to allow time for a hearing on whether the sentence should be reduced under a new state law that lets victims of abuse have their sentences reconsidered.
Car ownership costs have soared 50% since 2020, according to new economic data. Here's where motorists are getting dinged.
Top OpenAI executive endorses plan that would require AI companies to submit their technology to third-party reviews to assess their safety.
The typical U.S. household's annual earnings have risen only 2.5% since 2019, new data from the Census Bureau shows.
The Federal Reserve is likely to raise borrowing costs on Wednesday, and more hikes could be in store, according to economists.
Millions of homeowners will face higher heating costs this winter because of surging global oil prices, according to a new forecast.
The Trump administration has announced that it will impose travel bans on officials it claims are responsible for discrimination against White people and other minority groups in South Africa.
The previous votes have failed to stop President Trump from waging war with Iran.
The Justice Department is accusing several members of Russia's intelligence services of running a "global assassination network" that targeted Kremlin critics.
The family of 37-year-old Tierra Walker filed a lawsuit against Texas Attorney General Ken Paxton and others, saying she was denied an abortion that could have saved her life.
The Supreme Court on Monday blocked the Postal Service from enforcing new mail voting rules ahead of the midterm elections.
In the latest episode of "Healthful," Olympic gold medalist Aly Raisman discusses what she's learned about speaking up for herself and taking care of her body.
Selling retatrutide commercially is prohibited by federal law. Yet, companies have promoted the drug on social media, thanks in part to being certified by LegitScript.
A long-running lawsuit challenging what it means to be an employee and therefore have access to work-based health plans is being closely watched by health policy analysts.
A 40-year-old woman died on Saturday from complications associated with measles, the coroner reported.
Kate Ping thought she was just stressed out. A nurse practitioner's surprising recommendation led to a shocking diagnosis.
The Trump administration has announced that it will impose travel bans on officials it claims are responsible for discrimination against White people and other minority groups in South Africa.
Health officials in Gaza say a building damaged months ago by an Israeli strike has collapsed, killing people from 6 displaced families who had taken shelter inside.
The U.S. has so far not attributed the potential breach to a specific actor, but Iranian state media amplified the story in the weeks following the attack.
The previous votes have failed to stop President Trump from waging war with Iran.
The Justice Department is accusing several members of Russia's intelligence services of running a "global assassination network" that targeted Kremlin critics.
The rapper Macklemore was bumped from Ed Sheeran's U.S. concert tour for pro-Palestinian comments that some say crossed a line into prejudice. Now, four additional supporting acts have quit in solidarity and the headliner has addressed the controversy. Carter Evans reports.
Aaron Rowe, Beoga, Lukas Graham and Finneas all released statements Tuesday on Instagram saying they were withdrawing from Ed Sheeran's tour.
Food & Wine reveals its list of "Best New Chefs" this week. One of those talents is Masako Morishita of Perry's Restaurant in Washington, D.C., who joins to discuss her career move from NFL cheerleader to D.C. food icon and share one of her favorite recipes.
Elin Hilderbrand, who wrote hit summer reads like "The Perfect Couple" and "28 Summers," joins "CBS Mornings" with her daughter Shelby Cunningham to discuss the latest book in their co-written The Academy Series, titled "The Thoroughbreds."
Bob Mackie, who bedazzled stars like Cher, Carol Burnett and Marilyn Monroe, died at 87. "CBS Mornings" looks back at some of his legendary looks.
Sen. Bernie Sanders and Steve Bannon both called for tighter AI regulation at Tuesday's "pro-human" AI summit in Washington, D.C. Caitlin Huey-Burns reports.
The growing concerns over AI safety brought together two people from opposite sides of the political spectrum on Tuesday: Sen. Bernie Sanders and former Trump adviser Steve Bannon. Washington Post tech reporter Gerrit De Vynk joins CBS News to discuss where AI legislation stands.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Congress is reacting to warnings from AI leaders that the technology poses existential dangers. Rep. Bill Foster joins "The Daily Report" to discuss.
Sen. Bernie Sanders and Steve Bannon are both pushing the Trump administration to regulate artificial intelligence as industry leaders warn of risks to humanity. CBS News' Caitlin Huey-Burns has more.
Artificial intelligence technology is developing at an "exponential" rate, Anthropic CEO Dario Amodei told CBS News, calling the situation a "warning sign" for the industry that requires serious safeguards.
Paleontologists have identified the first known trackway made by a full-grown Tyrannosaurus rex, and the discovery was made in the North Dakota badlands.
Ten research teams were honored at a satirical science awards ceremony that was hosted outside the U.S. for the first time due to travel concerns. A study of cockroach milk was among the winners.
Marmots, not bears, are the largest "true" hibernating mammal, UCLA marmot researchers Katie Adler and Emily Renkey say. The two share more fun facts about these cute creatures and explain how to vote for the fattest marmot.
NASA's new telescope could change the way we see space. With a wide-field camera that will reveal an area up to 200 times larger than the Hubble Space Telescope, and an orbit a million miles from Earth, the Nancy Grace Roman telescope is expected to find tens of thousands of unknown exoplanets.
A veteran's 1987 murder has been solved, after the now-deceased suspect's DNA matched evidence at the scene of the killing, authorities said.
A Georgia judge has put an execution on hold to allow time for a hearing on whether the sentence should be reduced under a new state law that lets victims of abuse have their sentences reconsidered.
A 21-year-old Pennsylvania man has been arrested for allegedly plotting what could have been a "mass casualty attack" inspired by ISIS, federal officials say. CBS News' Anna Schecter has more.
In Washington state, investigators said they believe illegal fireworks, shot from the back of a pickup truck, sparked a nearly 10,000-acre deadly wildfire earlier this summer. Jason Allen reports.
A man racing a stolen Tesla down a crowded boardwalk hit a woman, setting off a wild chase involving lots of witnesses, including one recording it all on a pair of smart glasses. Jonah Kaplan reports.
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
At least three people are dead, including a local NBC journalist, after a news helicopter crashed while covering a fatal bus accident in Los Angeles. Carter Evans reports.
A woman's family is suing Texas over the state's "merciless" abortion ban, arguing that her preeclampsia death could have been prevented if she'd had the procedure. Jericka Duncan reports.
New photos exclusively obtained by CBS News show the widespread damage caused by Iranian attacks at multiple U.S. positions across the Middle East. CBS News national security analyst Aaron MacLean reacts to this and more.
Sen. Bernie Sanders and Steve Bannon both called for tighter AI regulation at Tuesday's "pro-human" AI summit in Washington, D.C. Caitlin Huey-Burns reports.
Three people, including an NBC4 Los Angeles reporter and a pilot, were killed after a news helicopter crashed in San Fernando Valley. CBS News' Gwen Baumgardner reports.