Millions of taxpayers could face tougher income-reporting requirements on payments made via third-party platforms such as Venmo, PayPal or Cash App.      

Topics:  venmo   paypal   cash app   
BING NEWS:
  • New IRS 1099-K Tax Rule: Here's What Freelancers Who Made Money on PayPal or Cash App Need to Know
    If you earned over $5,000 or more in income via third-party apps, you should get a 1099-K to file with your tax return.
    12/13/2024 - 2:30 pm | View Link
  • Heads up if you’re a freelancer or small business owner: The IRS may need something new from you
    Heads up to anyone who is a freelancer, independent contractor, business owner, property renter or just a hobbyist who occasionally sells their creations: If you accept business-related income through ...
    12/12/2024 - 10:30 pm | View Link
  • Rossen Reports: New IRS guidelines for Venmo and PayPal users
    Rossen Reports has previously reported that the IRS is shaking up rules for third-party payment platforms. Under new guidelines released this November, these platforms will send you a 1099-K form for ...
    12/4/2024 - 10:35 am | View Link
  • Did you get paid through Venmo, CashApp, or PayPal in 2024? The IRS will know
    If you receive income through a third-party payment platform, new IRS regulations enforce reporting it. Here's what to know before you file your taxes.
    12/2/2024 - 9:49 pm | View Link
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