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10 sats \ 0 replies \ @cryptocoin OP 28 Nov 2022 \ on: IRS warns Americans over $600 threshold to report Venmo, PayPal payments bitcoin
An archive of the article is here. An archive has no paywall, no subscription requirement, and can be easier to read. Same for 12ft proxy.
The explainer published by the IRS which describes the $600 threshold requirement:
Understanding Your Form 1099-K https://www.irs.gov/businesses/understanding-your-form-1099-k [Archive]
An article from Bloomberg on this topic was, back in June, shared previously on SN:
The IRS Is Coming for Your Venmo Income #35329 https://www.bloomberg.com/news/articles/2022-06-08/ebay-sellers-face-1099-k-tax-headache-under-new-irs-rule Archive
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