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2. New Tax Law: Sell More Than $600 a Year? Venmo, PayPal ... - AOL

   www.aol.com/finance/tax-law-sell-more-600...

   New year, new tax rules. For small business owners or independent contractors, this change, introduced via the American Rescue Plan, might make a big difference in your accounting. See: 4 Ways to ...

3. Tax Update: IRS Delays $600 Reporting Threshold for Venmo ...

   www.aol.com/finance/tax-irs-delays-600-reporting...

   In turn, for this tax season, the reporting requirement for payments above $20,000 and exceeding 200 transactions within the calendar year will remain, instead of the much lowered new $600 amount.

4. Business owners using sites like PayPal or Venmo now ... - AOL

   www.aol.com/news/business-owners-using-sites...

   Venmo, PayPal and other similar peer-to-peer payment sites now have to report over $600 in annual business transactions to the IRS. Business owners using sites like PayPal or Venmo now face a ...

5. Form 1099-MISC - Wikipedia

   en.wikipedia.org/wiki/Form_1099-MISC

   In the United States, Form 1099-MISC is a variant of Form 1099 used to report miscellaneous income. One notable use of Form 1099-MISC was to report amounts paid by a business (including nonprofits [1]: 1 ) to a non-corporate US resident independent contractor for services (in IRS terminology, such payments are nonemployee compensation), but starting tax year 2020, this use was moved to the ...

6. Will You Have To Pay Taxes to the IRS When You Resell ... - AOL

   www.aol.com/pay-taxes-irs-resell-tickets...

   This means that if you sold tickets for more than $600, your ticket platform would send you a Form 1099-K and report that income to the IRS, even if you didn’t make a profit on your sales.

7. No, Venmo isn't going to tax you if you receive more than $600

   www.aol.com/no-venmo-isnt-going-tax-223237979.html

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8. Heads up if you’re a freelancer or small business owner: The ...

   www.aol.com/heads-freelancer-small-business...

   Small business owners, independent contractors and gig workers soon will be getting 1099-K tax forms if they used any payment platform on which they had at least $5,000 in business transactions in ...

9. Taxes 2023: Here are the biggest tax changes this year - AOL

   www.aol.com/finance/taxes-2023-biggest-tax...

   A change that didn’t make it. The American Rescue Plan Act of 2021 required third-party payment networks like PayPal and Venmo to send taxpayers Form 1099-K if they received third-party payments ...