Anger Spreading as New IRS Rules Requires Electronic Payments
Here Comes the 1099-K The payments from online platforms such as Venmo, PayPal, Etsy, Uber and Facebook Marketplace are going to be reported to the IRS via a 1099-K. This change, brought on by a change in The American Rescue Plan Act of 2021, lowered the reporting threshold to $600. Business transactions of all kinds…