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The IRS $600 shift could change how you get reported
The tax form that once sat quietly in the background of online payments is now at the center of a major policy reset. A planned $600 trigger for third party reporting has been rolled back, and higher ...
You probably heard about the rule that would have forced Venmo, PayPal, and Cash App to report every $600 transaction directly to the IRS. That single number launched years of confusion, panic, and ...
For the past few years, people who make extra money on the side have been preparing for a big shift in how the IRS tracks that income. Under a rule enacted by the American Rescue Plan Act of 2021, ...
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