IRS will audit your Venmo, Zelle & paypal acct.

Letsgotothezoo · Dec 24, 2021

Start Jan 2022, careful guys

Here Are the Tax Changes Coming to Venmo, Cash App, PayPal and Other Apps – Forbes Advisor

ycnibrc · Dec 24, 2021

Cant pay tax on used stuffs

instead of sps just write invoice for used xbox games.

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Emac909 · Dec 24, 2021

Also if you sell at a loss. Resale on corals always going down

spiderguardnano · Dec 25, 2021

Don’t send the $600 at one time

Brady4000 · Dec 25, 2021

spiderguardnano said:

As I read it, it says “total”… I “think” if YTD is over $600.

I read that wrong?

Emac909 · Dec 25, 2021

Brady4000 said:

That’s how I read it.

Letsgotothezoo · Dec 25, 2021

Yes....Total of $600 per year.....cumulative as I understood it.

Sakudo4 · Dec 25, 2021

Friends and family in full affect

five.five-six · Dec 25, 2021

I just report everything and sleep good at night.

Letsgotothezoo · Dec 25, 2021

Doesn't matter....they will issue you 1099 form

Sakudo4 said:

joseserrano · Dec 25, 2021

I imagine someone else will come up with something else. Maybe ppl will start to accept Bitcoin or something similar.

sorinwilcox · Dec 25, 2021

Back to cash I see ,

Remember your vote counts.

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sklywag · Dec 26, 2021

They’re working towards taxing 100% then give you back what they think you need. Like the way they’re telling Elon Musk he doesn’t pay enough in taxes. He doesn’t need billions when he should be able to live on only a million.
Yet he pays more in taxes than all of those in congress together.

IRS will audit your Venmo, Zelle & paypal acct.

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