What Taxpayers Should Know About Reporting Certain Payments to IRS in 2024

The IRS is planning to start implementing its new reporting requirement for those receiving 1099-K forms.

Tax forms from previous years are displayed at Latino Taxes in Oakland, Calif., on April 10, 2007. Justin Sullivan/Getty Images

For 2024, the IRS is planning to start implementing its new reporting requirement for those receiving 1099-K forms, including anyone who earns income through third-party apps.

The rule was delayed for 2023, meaning that taxpayers who are filing their returns in the coming months don’t have to adhere to the 1099-K reporting. The agency also delayed the rule in 2022.