IRS warns taxpayers about new $600 threshold for third-party payment reporting
Summary by Ground News
The IRS on Tuesday shared tips for the upcoming tax season — including a reminder about the new $600 threshold for receiving Form 1099-K for third-party payments.
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New York Post
IRS warns Americans over $600 threshold to report Venmo, PayPal payments
The IRS is reminding tax filers to prepare to report transactions of at least $600 that are made through so-called "third-party" facilitators.
IRS Forces Gig Workers to Report over $600 Threshold of Venmo, PayPal Payments
The IRS reminded gig workers this week to report payments over a $600 threshold made through third party payment apps, such as Zelle, Cash App, Venmo, and PayPal.