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In 2021, lawmakers included a change to the tax law in the American Rescue Plan that requires third-party network transactions to note and report all payments greater than $600 sent through their...
Since the Internal Revenue Service reported that third-party payment processors will be responsible, starting in 2022, for reporting payments issued on a 1099-K form, people who use these ...
Although originally planned, the IRS announced that it's delaying a new tax reporting law for third-party payment services like Zelle, Cash App, PayPal and Venmo to report earnings over $600 to the...
Small businesses, independent contractors and gig workers who want to avoid reporting income paid through P2P apps like Venmo and PayPal might have found a loophole -- and it could be costing the...
The first three are already law, while the last two are potential changes that could still affect this tax filing season. Increased Employer Pension Startup Credit
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On its page for reporting scams, Zelle says: "While we are unable to assist with getting your money back, it is important to us that users have the ability to report this experience.
If you live in a state that offered special tax refunds or payments in 2022, the IRS has advised against filing a tax return until it becomes clear whether that money is taxable. Learn: Zelle Tax...