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

Por: Fox Business Business December 23, 2022

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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 Internal Revenue Service on Friday said that it is delaying by one year a targeting Americans who made more than $600 online through third-party payment apps like Venmo or PayPal.  The IRS and Treasury heard a number of concerns regarding the timeline of implementation of these changes under the... + full article



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