FOXNEWS Americas Newsroom With Bill Hemmer Dana Perino January 5, 2022 15:45:00
If you're a small business owner that gets paid through the third party apps like zelly and cash apps, pay pal or venmo. any $600 transactions you will need to file a 1099 form. this will apply to your tax returns that you file next year. your 2022 tax return you will file next year even though it impacts transactions happening starting now. any $600 transaction for a good or service is going to be impacted in this. it does not apply to any payments made person to person from friends and family. so if you are a small business like a hairstylist and you get paid through this app or through this...