CNN CNN Newsroom With Pamela Brown January 31, 2022 01:53:00
>> that's actually really good advice. i'm taking note of all of this. so venmo, paypal, cash app and other mobile payment apps now have to tell the irs if you make more than $600 a year on their platforms. how does this change tax season, first of all, for businesses that use these apps? >> so it won't happen this year. that new reporting rule goes in effect next year, but what people are finding now is that if they're making payments to services or they're exacting payments, selling goods on these websites you're going to start seeing these notices that you have to verify your tax informatio...