The post Major Tax-Reporting Change for Users of Venmo, PayPal and Others appeared first on Clark Howard. 49 ... 4 Things You Need To Know About the Payment App Tax-Reporting Changes 1.

As a result, third-party settlement organizations were not required to report tax year 2023 transactions on Form 1099-K to the IRS or the payee for the lower $600 threshold amount—the existing ...

If you’re among the millions of people who use payment apps like PayPal, Venmo, Square, and other third-party electronic payment networks, you could be affected by a tax reporting change that ...

Millions of businesses accept electronic payments for their services, but the IRS is cracking down on these types of charges, including apps like Venmo, Paypal, Cash App, and Zelle. 1 weather ...

As of Jan. 1, mobile payment apps like Venmo, PayPal, Zelle and Cash App are required to report commercial transactions totaling more than $600 a year to the IRS.

The rule change — approved by Democrats in March 2021 with the passage of the American Rescue Plan — would have required payments platforms, including Venmo, PayPal, Etsy and Airbnb, to send ...

Millions of businesses accept electronic payments for their services, but the IRS is cracking down on these types of charges, including apps like Venmo, Paypal, Cash App, and Zelle.

Millions of businesses accept electronic payments for their services, but the IRS is cracking down on these types of charges, including apps like Venmo, Paypal, Cash App, and Zelle.

Millions of businesses accept electronic payments for their services, but the IRS is cracking down on these types of charges, including apps like Venmo, Paypal, Cash App, and Zelle.

Millions of businesses accept electronic payments for their services, but the IRS is cracking down on these types of charges, including apps like Venmo, Paypal, Cash App, and Zelle.