You should see this tax form if you were paid more than $5,000 in freelance income via third-party payment apps last year.

However, pass-through coverage explicitly doesn’t protect you against PayPal or another app failing. Even if your money is stored safely in an external, FDIC-backed bank during a payment app ...

You should see this tax form if you were paid more than $5,000 in freelance income via third-party payment apps last year. Courtney Johnston is a senior editor leading the CNET Money team.