Transaction Reporting Process News Today

After they lowered the payment reporting threshold on apps like venmo and paypal. bring in illinois congressman, also assistant whip for the democratic caucus, all your titles, we barely have time left to talk to you, welcome, good to have you with us. >> great to be with you. >> john: lay out what the changes are to the transaction reporting process for these apps like venmo and paypal. currently you have to have payments of $20,000 to fill out a 1099k. the new threshold will be $600. a number ...