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IRS pauses rule requiring people to report PayPal, Venmo transactions over $600. Here's what went wrong.

Por: MarketWatch Politics December 24, 2022

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E-Commerce businesses, and others pushed for a higher threshold, saying the batch of paperwork would be and the backlogged IRS, and also stir up confusion among taxpayers. These groups applauded the pause announced Friday. The threshold was lowered in the American Rescue Plan of March 2021. Recent lobbying efforts to raise the threshold as one part of the year-end spending deal On Friday, the House passed the $1.7 trillion spending bill, which... + full article



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