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IRS delays tax-reporting rule on Venmo, PayPal payments over $600

Por: Fox Business Business November 21, 2023

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Sen. Mike Braun, R-Ind., explains the details regarding the IRS starting to send out 1099-K forms for some payments on ‘Fox Business Tonight.’ The IRS announced on Tuesday that it is delaying a controversial targeting Americans who made more than $600 online through third-party payment apps like Venmo or PayPal. The rule change – approved by Democrats in March 2021 with the passage of the American Rescue Plan – would have required... + full article



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