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IRS Taxing Venmo, Paypal, Cash App Payments
Jan 25, 2022
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Beginning in 2022, Third Party Payment Processors (TPPP) will be required to report any payments for goods and services in excess of $600 to the IRS. Thanks to a hidden provision passed in the American Rescue Act Plan, the previous threshold of $20,000 is going to be drastically reduced to...
