Svetikd | E+ | Getty Images The IRS has delayed, for a year, when payment services such as Paypal and Venmo and e-commerce companies such as eBay, Etsy and Poshmark will have to issue tax forms to individuals whose business transactions through those platforms exceed $600. The agency on Friday said that such third-party platforms won’t have … Read more
Hispanolistic | E+ | Getty Images If you’re worried about getting a tax form from payment apps like Venmo or PayPal, you’re now less likely to receive one for 2022 — thanks to a change from the IRS. The agency on Friday announced a one-year delay for a new tax reporting rule, requiring payment services … Read more
If you get paid through apps like Venmo or PayPal or platforms like Etsy or Airbnbpreparing your taxes next year may be a little more confusing than usual. A new tax reporting rule requires third-party payment platforms to issue you and the IRS a 1099-K for business transaction payments if they add up to more … Read more
Zelle may not have its own clothing line or suggest emojis when you pay your friend, but the peer-to-peer payment service is moving serious money, and that seems to be raising eyebrows these days. Sen. Elizabeth Warren has been taking aim at Zelle — and the big banks behind it — for not doing enough … Read more