Ucsdryder
WKR
- Joined
- Jan 24, 2015
- Messages
- 5,486
IRS Delays Requiring Users of Venmo And Other Payment Apps To Report Transactions Over $600
Taxpayers who use Cash App, Venmo and similar payment apps have been given another reprieve from a change that will require more reporting to the IRS. App users are currently required to report payments if they’re in the tens of thousands of dollars, and if numerous transactions are completed dur
www.forbes.com
This is going to be a mess. I hate checks and money orders but it seems like the best options unless you want to keep all receipts and report sales as a loss.