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  2. How To Avoid Accidentally Paying Tax on Money Received ...

    www.aol.com/finance/avoid-accidentally-paying...

    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 ...

  3. Zelle tax ‘loophole’ utilized by small businesses could be ...

    www.aol.com/finance/zelle-tax-loophole-utilized...

    Find: 3 Ways Smart People Save Money When Filing Their Taxes. That loophole is Zelle, a bank-to-bank payment service that does not hold funds. Because of its setup, Zelle claims that its payments ...

  4. 8 Most Common and Dangerous Zelle Scams Out There - AOL

    www.aol.com/8-most-common-dangerous-zelle...

    Consumer fraud is on the rise. "The FTC recently released data that shows consumers lost $8.8 billion last year to fraud, a 30% increase from the year prior," said Debt.com chairman Howard...

  5. Zelle - Wikipedia

    en.wikipedia.org/wiki/Zelle

    The Zelle service is intended for payments to those whom the payer already knows and trusts and the service disclaims any responsibility for goods and services sold through the system. [24] [25] Zelle uses ACH to settle the payments overnight, similar to direct deposit. [26] Zelle users can send money to other registered Zelle users.

  6. Does Zelle Report to the IRS? Your Guide to Taxes and Zelle - AOL

    www.aol.com/finance/does-zelle-report-irs-guide...

    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...

  7. Taxes 2024: Venmo & Cash App Won’t Be Sending 1099’s - AOL

    www.aol.com/finance/taxes-2024-venmo-cash-app...

    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...

  8. How To Avoid Accidentally Paying Tax on Money Received ...

    www.aol.com/news/avoid-accidentally-paying-tax...

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  9. Do you use Zelle? Here's how to spot increasingly ... - AOL

    www.aol.com/news/zelle-heres-spot-increasingly...

    Zelle instructs users in the process of making a payment to be sure to send money only to people they know and trust. It's good advice, and it addresses part of the threat posed by scammers.