NEW IRS $600 SURVIELLANCE LAW

Question

Cash App, Venmo, Pay Pal, Zelle.                                              &#xD;&#xA;    Google New IRS $600 Surveillance Rule and a video will pop up with an Asian guy explaining how if you use any of these apps for business ...and surpass the $600 for the yr you will be issued a 1099 K form at the end of the yr ...Law went into effect 1/1/22&#xD;&#xA;          Drop comments below

Vegasbruce · Answer

Cash App, Venmo, Pay Pal, Zelle.                                              &#xD;&#xA;    Google New IRS $600 Surveillance Rule and a video will pop up with an Asian guy explaining how if you use any of these apps for business ...and surpass the $600 for the yr you will be issued a 1099 K form at the end of the yr ...Law went into effect 1/1/22&#xD;&#xA;          Drop comments below

Astros93 · Answer

Just know your basis and report properly.  IRS doesn&#x27;t care if you gamble, sell drugs or whatever you are into.  They just care that you pay the proper share of taxes you may owe.

Vegasbruce · Answer

Some good suggestions across the street on Pregxxame Forums for those that are interested

Contrarian21 · Answer

@Vegasbruce&#xA; Really, who passed the law?

NEW IRS $600 SURVIELLANCE LAW

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