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What you need to know about the new IRS rule requiring taxpayers to file business payments over $600 : vimarsana.com
What you need to know about the new IRS rule requiring taxpayers to file business payments over $600 : vimarsana.com
What you need to know about the new IRS rule requiring taxpayers to file business payments over $600
Taxpayers will have to report Venmo, PayPal and other third-party payment app business transactions that exceed $600 to the IRS in their 2021 tax returns. It doesn't apply to casual use of the apps.
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