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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 ...
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...
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 ...
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.
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...
The buyer then contacts the seller directly, claiming that they received the same email from Zelle and, to make things easy, sent the seller enough money to cover the purchase and the upgrade fee.
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