The update came after a taxpayer contacted the authority to ask how they could enter their bank details to be paid an income ...

For tax year 2024, the threshold to receive Form 1099-K for payments through payment platforms is $5,000. The IRS considers money paid through the platforms for goods and services as income, even when ...

If the request was received on October 14, adhering to the 8-week rule, this would mean the sum would land in the person's ...

Scammers use recent news events as a legitimate-sounding way to get your personal information and bank account numbers. The IRS will never email, text, call or send a message on social media asking ...

HMRC then advised the person to write to the department with the details for their foreign bank. The taxpayer was informed ...