IRS hits brakes on Tax law that would have hurt average Americans

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IRS hits brakes on Tax law that would have hurt average Americans

The Drifter
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11-21-2023, 07:05 PM

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

IRS delays controversial tax reporting rule on third-party payments over $600

The IRS announced on Tuesday that it is delaying a controversial tax reporting requirement targeting Americans who made more than $600 online through third-party payment apps like Venmo or PayPal.

The rule change – approved by Democrats in March 2021 with the passage of the American Rescue Plan – would have required payments platforms, including Venmo, PayPal, Etsy and Airbnb, to send Form 1099-K to the IRS and users if their transactions totaled more than $600 over the course of the year.

https://www.foxbusiness.com/money/irs-de...yments-600

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Messages In This Thread

IRS hits brakes on Tax law that would have hurt average Americans - by The Drifter - 11-21-2023, 07:05 PM

IRS hits brakes on Tax law that would have hurt average Americans - by p_rushing - 11-23-2023, 01:36 AM

RE: IRS hits brakes on Tax law that would have hurt average Americans - by mikesez - 11-23-2023, 11:35 AM

RE: IRS hits brakes on Tax law that would have hurt average Americans - by The Real Marty - 11-23-2023, 12:46 PM

RE: IRS hits brakes on Tax law that would have hurt average Americans - by flsprtsgod - 11-23-2023, 06:21 PM

RE: IRS hits brakes on Tax law that would have hurt average Americans - by The Real Marty - 11-24-2023, 05:59 AM

RE: IRS hits brakes on Tax law that would have hurt average Americans - by flsprtsgod - 11-24-2023, 01:37 PM

RE: IRS hits brakes on Tax law that would have hurt average Americans - by The Real Marty - 11-24-2023, 01:40 PM

RE: IRS hits brakes on Tax law that would have hurt average Americans - by flsprtsgod - 11-24-2023, 01:44 PM

RE: IRS hits brakes on Tax law that would have hurt average Americans - by The Real Marty - 11-24-2023, 03:15 PM

RE: IRS hits brakes on Tax law that would have hurt average Americans - by flsprtsgod - 11-25-2023, 12:51 AM

RE: IRS hits brakes on Tax law that would have hurt average Americans - by The Real Marty - 11-25-2023, 07:15 AM

RE: IRS hits brakes on Tax law that would have hurt average Americans - by MarleyJag - 11-24-2023, 09:04 AM

RE: IRS hits brakes on Tax law that would have hurt average Americans - by p_rushing - 11-24-2023, 12:37 PM

RE: IRS hits brakes on Tax law that would have hurt average Americans - by MarleyJag - 11-25-2023, 08:40 AM

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