IRS Delays Venmo and PayPal Tax Increase by One Year

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  • December 27, 2022

PayPal, Venmo, and other cash app users who depend on digital payment platforms for business transactions can breathe a temporary sigh of relief. The Internal Revenue Service has delayed the implementation of a tax code change that would’ve mandated declaration of any exchanges over $600 by one full year, according…

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Source : IRS Delays Venmo and PayPal Tax Increase by One Year