# Cash App Taxes Review 2022: A Comprehensive Guide
Are you a Cash App user wondering about how taxes work on the app? Do you want to know what you need to do to file your taxes correctly? This guide is for you. In this blog post, we will cover everything you need to know about Cash App taxes in 2022, including relevant sub-headings and bullet points.
## How does Cash App handle taxes?
Cash App, like any other financial institution, is required to report your income to the Internal Revenue Service (IRS) if you meet certain criteria. If you receive more than $600 in a calendar year through Cash App, you will receive a Form 1099-K from Cash App by January 31st of the following year. This form reports the total amount of money you received through Cash App during the year.
## What is a Form 1099-K?
A Form 1099-K is a tax form used to report certain types of payment card and third-party network transactions to the IRS. It is used to report your gross sales and transactions processed through Cash App.
## What do I do with my Form 1099-K?
If you receive a Form 1099-K from Cash App, you will need to include this information on your tax return. You will need to report the total amount of money you received through Cash App on your tax return, regardless of whether or not you received a Form 1099-K.
## What if I don’t receive a Form 1099-K?
If you do not receive a Form 1099-K from Cash App, you are still responsible for reporting any income you received through the app on your tax return. You can find this information by reviewing your transaction history within the app.
## What if I made a mistake on my tax return?
If you made a mistake on your tax return, you can amend your return by filing Form 1040-X. You should consult with a tax professional if you have any questions about amending your return.
## What if I have other questions about Cash App taxes?
If you have any other questions about Cash App taxes, you can contact Cash App support or consult with a tax professional.
## FAQs
**Q: Do I need to report money received from Cash App on my tax return?**
A: Yes, you need to report any income you received through Cash App on your tax return.
**Q: What is a Form 1099-K?**
A: A Form 1099-K is a tax form used to report certain types of payment card and third-party network transactions to the IRS.
**Q: What if I don’t receive a Form 1099-K from Cash App?**
A: If you do not receive a Form 1099-K from Cash App, you are still responsible for reporting any income you received through the app on your tax return.
**Q: What if I made a mistake on my tax return?**
A: If you made a mistake on your tax return, you can amend your return by filing Form 1040-X.
**Q: What if I have other questions about Cash App taxes?**
A: If you have any other questions about Cash App taxes, you can contact Cash App support or consult with a tax professional.
In conclusion, it is important to understand how taxes work on Cash App to avoid any potential issues with the IRS. By following the guidelines outlined in this post, you can ensure that you are reporting your income correctly and avoiding any penalties. If you have any questions about Cash App taxes, don’t hesitate to reach out to Cash App support or consult with a tax professional.