Millions of taxpayers could face tougher income-reporting requirements on payments made over Venmo, PayPal or Cash App.      

Topics:  venmo   paypal   cash app   tax   
BING NEWS:
  • Transitional Delay – Increased Reporting to the IRS for PayPal, Venmo, Third-Party Payment Networks – Threshold $5,000 for 2024
    On November 26, 2024, the IRS announced transitional relief for the much-maligned tax reporting requirement for third party payment networks.
    12/16/2024 - 12:48 pm | View Link
  • 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.
    12/14/2024 - 2:12 pm | View Link
  • IRS adjusts income reporting rules for third-party payment apps like Venmo, PayPal
    Small businesses and freelancers using payment platforms like Venmo and PayPal will face new IRS reporting requirements this tax season.
    12/10/2024 - 5:16 pm | View Link
  • New IRS guidelines impact PayPal, Venmo users
    The IRS has issued new guidelines for income received through payment apps like Venmo and PayPal. These rules will impact many freelancers and side hustlers. Starting in 2024, third-party payment ...
    12/9/2024 - 10:09 am | View Link
  • IRS again delays small-business tax-reporting requirement
    This is not the first time the IRS has delayed the reporting requirement, having done so in 2022 and then again in late 2023 after a barrage of criticism regarding the move. Here are the details.
    12/9/2024 - 4:17 am | View Link
  • More

 

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