IRS Tax Delay: If You Use Venmo, PayPal, or Cash App Here’s What You Should Know
After two years of delays, the IRS plans to finally implement its new 1099-K reporting requirement for anyone earning income via third-party payment apps like PayPal, Venmo, Cash App or Zelle. Originally slated to go live in 2022, this IRS reporting change would have payment apps report income over $600 to the tax agency. Previously, third-party apps … Read more