The IRS reminds Americans earning over $600 on PayPal, Venmo, or Cash App transactions to report their earnings

Before 2022, third-party transactions for business owners and side hustlers followed different thresholds: individuals needed to report gross payments exceeding $20,000 and report earnings if they had more than 200 such transactions, according to the IRS. But as a result of the American Rescue Plan Act, any transactions made after March 11, 2021 that exceed $600 must be reported to the IRS, regardless of how many of those transactions you’ve had.

Your 87,000 new armed irs agents at work

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checkoutanytime · M

Now drug dealers can afford the American Dream easierly then the working class, good job dumbocrats. 👏

MarineBob · 56-60, M

@checkoutanytime president wants to end credit card fees ..... But the IRS can charge them

checkoutanytime · M

@MarineBob when did Bureaucrats get a voice?