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

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

    Heads up to anyone who is a freelancer, independent contractor, business owner, property renter or just a hobbyist who occasionally sells their creations: If you accept business-related income ...

  3. The IRS wants to know how much money you’re making online ...

    www.aol.com/finance/irs-wants-know-much-money...

    This form is to report payments received on money transfer apps, online marketplaces, or stored value cards. This includes business sales on apps like Venmo or CashApp, or resale platforms like ...

  4. If You Use PayPal or Other Third-Party Apps for Your ... - AOL

    www.aol.com/paypal-other-third-party-apps...

    If you’re a freelancer, side hustler or business owner who gets paid via PayPal or Venmo for your services, expect big changes this tax season. Third-party payment apps are now required to send ...

  5. How freelancers can prepare for changing tax requirements - AOL

    www.aol.com/news/freelancers-prepare-changing...

    If you’re a freelancer or gig worker who receives payments via apps like Venmo, Zelle, Cash App or PayPal, your tax reporting requirements will change for the 2024 tax year. The tax filing ...

  6. IRS to Track Some Venmo, PayPal, Zelle Transactions - AOL

    www.aol.com/irs-track-venmo-paypal-zelle...

    The new IRS rules are fairly straightforward. As of Jan. 1, payment platforms like Venmo, PayPal and Zelle must report to the IRS the transactions of anyone who receives $600 or more per year in ...

  7. Electronic Federal Tax Payment System - Wikipedia

    en.wikipedia.org/wiki/Electronic_Federal_Tax...

    EFTPS allows individuals and businesses to make their tax and estimated tax payments securely online using their bank accounts. Payments can be made only after enrolling in the system, and the enrollment process can take about a week (initial online enrollment is followed by relevant information being sent by physical mail, after which the online enrollment process may be completed).

  8. New Tax Rule: Ensure Your Venmo Transactions Aren’t ... - AOL

    www.aol.com/tax-rule-ensure-venmo-transactions...

    The U.S. government passed legislation for 2022 as part of the American Rescue Plan Act that forces online payment platforms like Venmo, PayPal, Stripe, and Square to report all aggregate business ...

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

    www.aol.com/taxes-2024-venmo-cash-app-181801730.html

    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...