The IRS has postponed the implementation of the $600 reporting threshold for third-party payment platforms such as Venmo, Cash App, and PayPal, as well as online marketplaces including Facebook Marketplace, eBay, and Etsy. In this video, we provide a comprehensive overview of the IRS's latest decision. Additionally, we explore various 1099 forms that you might encounter during this tax season.
#irs #news #taxes

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In this video, we break down:
- IRS delays $600 reporting for Venmo, Cash App, & PayPal
- What a 1099-K form is
- Other 1099 forms you may see this tax season

⏱ Timestamps ⏱
00:00 IRS DELAYS $600 Rule
02:01 Reporting Requirements
04:43 What Happens If You Don't Report
06:17 Other 1099 Forms You Might Get
07:55 Final Thoughts

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00:00 IRS DELAYS $600 Rule
02:01 Reporting Requirements
04:43 What Happens If You Don't Report
06:17 Other 1099 Forms You Might Get
07:55 Final Thoughts

#cashapp #venmo #paypal #irsnews #600 #taxtips

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