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0 sats \ 0 replies \ @cryptocoin 28 Nov 2022 \ on: The IRS Is Coming for Your Venmo Income bitcoin
The link for this post is using an archive for the article on Bloomberg's website. An archive has no paywall, no subscription requirement, and can be easier to read. The original article, on Bloomberg's website is:
The IRS Is Coming for Your Venmo Income
https://www.bloomberg.com/news/articles/2022-06-08/ebay-sellers-face-1099-k-tax-headache-under-new-irs-rule Archive
See also another post, found here on SN, which shares an article from The NY Post covering an explainer on this requirement released by the IRS:
IRS warns Americans over $600 threshold to report Venmo, PayPal payments
#99519
https://nypost.com/2022/11/25/irs-warns-americans-over-600-threshold-to-report-venmo-paypal-payments [Archive]
https://www.irs.gov/businesses/understanding-your-form-1099-k [Archive]