Tax forms 2022

Getting Ready to File 2022 Income Tax Returns?

  1. Confirm that employers, banks, and other payors have your current mailing address and email address. This will ensure that you receive your year-end tax statements.
  2. Set-up a safe place to store year-end tax forms; these generally start arriving by mail or are available online in mid-to-late January.
  3. Carefully review each income statement received for accuracy. Contact the issuer to correct information that needs to be updated.

If you receive payments for goods or services through a third-party payment network (like Paypal, Venmo or Zelle) you will now receive a reporting form (Form 1099-K, Payment Card and Third-party Network Transactions) once the amount of business transactions exceeds $600. Money received through third-party payment networks from friends and relatives as personal gifts or reimbursements for personal expenses is generally not taxable. If you receive a 1099-K reflecting income you did not earn you should call the third-party payment network.