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.
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.
Starting next year, a new IRS rule will require anyone earning over $600 through payment apps such as Venmo and PayPal in 2023 to file a 1099-K form. Scott MacFarlane looks into how this could affect small businesses for the "Tax Time" series.
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.
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.
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.
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.
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.
Tax experts and the IRS itself have warned about smaller refund checks this year due to expiring pandemic aid.
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.
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 IRS is urging millions of Americans to hold off on filing their tax returns. The agency said it needs to figure out whether special payments sent to taxpayers in multiple states last year, including California, will be subject to federal taxes.
Government's new classification of cars that qualify for the generous tax credit is a win for Tesla and other automakers.
A new study suggests ways the IRS could solve an algorithmic bias that has harmed low-income and Black taxpayers.
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss what people need to know for the 2023 tax season. More than 168 million individual tax returns are expected to be filed, with the vast majority coming before the April 18 tax deadline. Schlesinger discusses the best way to file, rules for deducting home office expenses, and child tax credit changes.
Jan. 23 marks the start of tax season. Toby Mathis, founding partner of Anderson Business Advisors, joined CBS News to recap changes to the tax code and what people should do before filing their returns.
Tax season begins on Monday, and taxpayers should expect some changes this year. The IRS warned refunds could be smaller because of the expiration of COVID-19 relief initiatives. CBS MoneyWatch associate managing editor Aimee Picchi joined CBS News to discuss.
Many tax benefits instituted during the pandemic have lapsed, which means some people could see smaller refunds.
The 2016 footage, which was obtained and published by CNN, appears to show the rap mogul hitting, dragging and kicking the singer known as Cassie.
The Israel Defense Forces recovered the bodies of Shani Louk, Amit Bouskila and Itshak Gelernter in Gaza, Rear Adm. Daniel Hagari said.
Footage showed top-ranked golfer Scottie Scheffler handcuffed and walking toward a police car in the morning darkness. He later teed off at the PGA Championship.
David DePape was convicted of attempting to kidnap then-House Speaker Nancy Pelosi and attacking her husband with a hammer.
While the State Department bulletin is meant for overseas travel, there is concern of a domestic threat from ISIS, two sources told CBS News.
A man is in custody more than a week after actor Steve Buscemi was punched in an apparent random attack in New York City.
"I don't feel homeless, but I am legally homeless," said one of the dozens of students at Cal Poly Humboldt who call an RV or other vehicle home.
A six-footer with an ample black mustache, Dabney Coleman made his mark in numerous popular films.
Power outages could last weeks in parts of Houston, an official warned Friday.
Family tragedy nearly derailed Chris Rowland's college goals. But through all the missteps and blown opportunities, Pete Kadens stood by his side.
IRS whistleblowers Gary Shapley and Joseph Ziegler are also asking to intervene in the case, arguing the IRS has a conflict of interest in the matter.
"I don't feel homeless, but I am legally homeless," said one of the dozens of students at Cal Poly Humboldt who call an RV or other vehicle home.
A six-footer with an ample black mustache, Dabney Coleman made his mark in numerous popular films.
Ongoing work to resolve a persistent helium leak has pushed the first piloted Starliner flight back at least four more days, to May 25.
Samsung piles on with its on ad after Apple apologizes for a spot that it acknowledged "missed the mark."
Wall Street investors are increasingly confident of a soft landing for the U.S. economy, pushing financial markets to new highs.
Some owners of the electric vehicle will be eligible for compensation of up to $1,400 because of a battery problem that caused fires.
TikTok is allowing select users to upload longer-form videos as the social media app looks to compete with YouTube.
Employees of the German luxury car maker reject membership in the United Auto Workers after a contentious campaign.
IRS whistleblowers Gary Shapley and Joseph Ziegler are also asking to intervene in the case, arguing the IRS has a conflict of interest in the matter.
Police released what they say was a suicide note left by Boeing whistleblower John Barnett.
While the State Department bulletin is meant for overseas travel, there is concern of a domestic threat from ISIS, two sources told CBS News.
The man convicted of attempting to kidnap then-House Speaker Nancy Pelosi and attacking her husband with a hammer was sentenced to 30 years in prison Friday morning.
David DePape, convicted of trying to kidnap Pelosi and attacking her husband with a hammer in October 2022, was sentenced Friday to 30 years in prison.
Health authorities are watching for signs the virus might be starting to accelerate again after a springtime lull in COVID rates.
North Carolina Republicans are pushing forward with their plan to repeal a pandemic-era law, citing crime and recent campus protests.
Hypochlorous acid is the latest skin care ingredient making waves on social media for acne prevention — but is it true? We asked dermatologists.
Private-label food supplier recalls 32-ounce pouches of Great Value Organic Black Chia Seeds because of potential contamination.
A new study finds hospitals with a higher share of women surgeons and and anesthetists shave better patient outcomes.
While the State Department bulletin is meant for overseas travel, there is concern of a domestic threat from ISIS, two sources told CBS News.
Police said Gary Allen Srery might also be linked to other unsolved murders and sexual assaults in Western Canada.
Atlanta received Lun Lun and Yang Yang from China in 1999 as part of a 25-year loan agreement that will soon expire.
The Israel Defense Forces recovered the bodies of Shani Louk, Amit Bouskila and Itshak Gelernter in Gaza, Rear Adm. Daniel Hagari said.
It was unclear whether Lucero López Maza was the intended target of the attack, because shootings have become so common in the area.
A six-footer with an ample black mustache, Dabney Coleman made his mark in numerous popular films.
The 2016 footage, which was obtained and published by CNN, appears to show the rap mogul hitting, dragging and kicking the singer known as Cassie.
A 50-year-old man is charged with assault after actor Steve Buscemi was punched in an apparent random attack in New York City.
Kenny Chesney recently kicked off his summer tour. The country superstar talks with "CBS Mornings" about his historic career and shares how his music continues to evolve.
Lainey Wilson took home female artist of the year and the top prize of entertainer of the year at the 2024 Academy of Country Music Awards.
Samsung piles on with its on ad after Apple apologizes for a spot that it acknowledged "missed the mark."
TikTok is allowing select users to upload longer-form videos as the social media app looks to compete with YouTube.
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.
The 100% Chinese EV tariffs are meant to head off economic risks, but some Democrats say Chinese EVs should be banned entirely for security reasons.
The settlement covers U.S. residents who owned an iPhone 7 or 7 Plus between September 16, 2016, and January 3, 2023, and reported a covered issue to Apple or paid the company for repairs.
The 40-mile-long river branch, which ran by the Giza pyramid complex, was hidden under desert and farmland for millennia, scientists said.
A new study suggests that the first warm-blooded dinosaurs may have roamed Earth about 180 million years ago.
Extreme heat is known as a "silent killer," and in some areas across Asia, its intensity would have been impossible without one critical factor, a new study found.
Millions of Americans looked to the night sky and snapped magical photos and videos of the northern lights this past weekend during the momentous geomagnetic storm.
Scientists who study such things have found that cicadas urinate in a jet stream because they consume an incredible volume of fluid during their brief time above ground.
Disturbing video obtained by CNN appears to show Sean "Diddy" Combs pushing, kicking and dragging his then-girlfriend Cassandra Ventura in a hotel hallway in 2016. Elise Preston reports.
David DePape, the man convicted of attacking former House Speaker Nancy Pelosi's husband with a hammer inside their San Francisco home in 2022, was sentenced to 30 years in prison on Friday. CBS News congressional correspondent Scott MacFarlane has the details.
Police said Gary Allen Srery might also be linked to other unsolved murders and sexual assaults in Western Canada.
A 50-year-old man is charged with assault after actor Steve Buscemi was punched in an apparent random attack in New York City.
The man convicted of attempting to kidnap then-House Speaker Nancy Pelosi and attacking her husband with a hammer was sentenced to 30 years in prison Friday morning.
Ongoing work to resolve a persistent helium leak has pushed the first piloted Starliner flight back at least four more days, to May 25.
The large explosion of energy and light from the sun comes just days after Earth was slammed with the biggest geomagnetic storm in more than 20 years.
WASP-193b is 50% larger than Jupiter — the largest planet in our solar system — but seven times less massive because of it's extraordinarily low density.
Millions of Americans looked to the night sky and snapped magical photos and videos of the northern lights this past weekend during the momentous geomagnetic storm.
The oxygen valve that derailed a launch try last week has been replaced, but engineers want more time to verify an unrelated helium leak has been fixed.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
A look back at the hallowed career of the indie "B-movie" filmmaker, known for exploitation films, monster flicks, and some bizarre movie posters.
Despite losing three quarters of the blood in her body, Donna Ongsiako was able to help police find the person who almost took her life.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
When Tiffiney Crawford was found dead inside her van, authorities believed she might have taken her own life. But could she shoot herself twice in the head with her non-dominant hand?
In a historic interview from the Vatican, Pope Francis sat down with "CBS Evening News" anchor and managing editor Norah O'Donnell to discuss a range of issues, including the criticism he's faced for trying to make the church more inclusive. The pope's full interview will air on "60 Minutes" on Sunday, May 19, 2024.
Family tragedy nearly derailed Chris Rowland's college goals. But through all the missteps and blown opportunities, Pete Kadens stood by his side. Steve Hartman has their story in "On the Road."
A U.S.-built pier is now ready to receive aid for civilians in Gaza. Meanwhile, at least 20 American medical workers are trapped in Gaza after Israel closed the Rafah border crossing. CBS News' Imtiaz Tyab spoke with two of them.
The last pandas in the U.S. --four at Zoo Atlanta -- will soon be heading back to China this fall as a loan agreement expires
There's mounting criticism of Supreme Court Justice Samuel Alito after a report that a symbol used by election deniers was once displayed outside his home. Scott Macfarlane has more on how Alito is responding.