IRS Targets Transactions Over $600, Venmo, PayPal & Cash App

IRS Targets Transactions Over $600, Venmo, PayPal & Cash App

The IRS reminds Americans earning over $600 on PayPal, Venmo, or Cash App transactions to report their earnings or else! The passage of the American Rescue Plan in March 2021 means the threshold for 3rd party processors to report transactions to the IRS reduced from...