原文链接:https://www.foxbusiness.com/money/irs-delays-tax-reporting-rule-venmo-paypal-payments-600
(Statista) New US tax rule means people will need to file taxes on any earnings over $600 on mobile payment apps. Before 2023, however, the threshold was $20,000. Many small businesses and people with side hustles are worried, as this can significantly complicate their finances. While the...
This change (known as the $600 rule) was supposed to kick in for the 2022 tax year. Some of the rationale behind the rule was to improve tax compliance. However, the $600 rule caused so much confusion and debate that the IRS delayed the new 1099-K rule (more than once). The ...
IRS SENDING IMPORTANT LETTERS TO CHILD TAX CREDIT, STIMULUS CHECK RECIPIENTS The new rule only applies to payments received for goods and services transactions, meaning that using Venmo or PayPal to send a loved one a gift, pay your roommate rent, or reimburse a friend for dinner will be excl...
RELATED: New tax rule requires PayPal, Venmo, Cash App to report annual business payments exceeding $600 Who is part of Plaid’s class action lawsuit settlement? All United States residents who own or owned one or more financial accounts that Plaid accessed between Jan. 1, 2013 - No...
You should see this tax form if you were paid more than $5,000 in freelance income via third-party payment apps last year.