What Should You Do If You Receive Form 1099-K? How Do You Report It on Your Tax Return? "Threshold Reverted to $20,000/200 Transactions"
Under the latest law, third-party payment receipts will trigger a 1099-K only if they exceed $20,000 or 200 transactions. This change will take effect in 2025, meaning the new rule...
Tax Reporting for Welcome Bonuses, Cash Back, Interest, and Sweepstakes: 1099-MISC Threshold Will Increase to $2,000
Under the latest law, Form 1099-MISC will only be issued when the amount exceeds $2,000. This change will take effect in 2026, which means the 2025 tax year will still use the curr...
Neiman Marcus Data Breach: Compensation + Free 2 Years of Credit Monitoring
If your personal information was affected in the Neiman Marcus Group LLC data incident in May 2024, you may be eligible for settlement benefits. The cash payment amount will depend...
How to Apply for a U.S. ITIN (Individual Taxpayer Identification Number)
If you have non-employment income in the United States and do not qualify for a tax exemption or for not filing a return, you may need to apply for an Individual Taxpayer Identific...
WeChat Account Passport Verification Switch Process
About Most U.S. WeChat users are verified with a Chinese ID card, but if someone’s ID card expires, they can no longer keep using WeChat Pay. So here’s how to switch a WeChat accou...
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US Real ID Driver’s License Guide and Application Tips (with California experience) [Real ID now in effect]
According to TAS, the Real ID requirement officially took effect on May 7, 2025. Here are the key details....
Apple Siri Class Action Settlement: Claim a Share of $95 Million, About $20 per Device
Apple has finally agreed to settle the Siri eavesdropping lawsuit, with affected users eligible for up to $20 per device from a total settlement fund of up to $95 million. Claims a...
Hertz Data Leak: Personal Information of Some Customers May Be Affected (Two Years of Free Credit Monitoring)
Hertz has announced that personal information tied to its Hertz, Dollar, and Thrifty brands may have been affected, and the data may have been stolen. If you have rented a car with...
Be Careful of Scams When Buying Amazon Gift Cards
Introduction Many people buy gift cards at supermarkets or drugstores to earn credit card points. I recently ran into a small issue when buying an Amazon gift card at CVS. I want t...
How to File Taxes Online with OLT (NRA Version)
OLT is a great option for filing taxes for U.S. “cloud residents” who are not in the U.S. The tax return it generates can help prevent AMEX FR from sending a 4065T; if you do not h...
2025 U.S. Tax Filing Guide (2024 Tax Year)
The 2025 tax filing deadline is coming up on April 15, so if you haven’t finished yet, now is the time. With the 1099-MISC and 1099-INT forms issued by banks, along with your own W...