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Small businesses find risky tax loophole to dodge new IRS rules

Por: Fox Business Business December 13, 2022

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Tax controversy attorney Adam Brewer unpacks the Zelle ‘loophole’ to new IRS regulations on third-party payment processors and what that means for taxpayers. A tax loophole claim by Zelle is putting small businesses at risk.  The payment network says the new IRS 1099-K reporting rule does not apply to them. However, one tax attorney issued a warning to business owners who are relying on Zelle to dodge the tax man. If you're going to... + full article



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