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A third-party network transaction is one that is settled through a third-party payment network, such as PayPal ... changes in the law apply to third-party reporting, not your individual tax ...
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 ...
The IRS on Tuesday announced that it is delaying a controversial tax reporting requirement ... third-party payment apps like Venmo or PayPal. The rule change — approved by Democrats in March ...
It's simply a change in tax reporting for these third-party companies ... To comply with the new regulations, platforms such as PayPal are going to need to collect some information from any ...
PayPal and Cash App are required to report commercial transactions totaling more than $600 per year to the Internal Revenue Service. The change to the tax code was signed into law as part of the ...
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. Until now ...
The IRS announced the reporting threshold for the 1099-K form will drop from $20,000 to $5,000 this tax filing season ... Related: New IRS 1099-K Changes: What to Expect from PayPal, Venmo ...
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. Until now ...
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 goes ...