- Local time
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- Dec 3, 2015
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Errbody in the US best read this and pay attention.
https://townsquaredelaware.com/prop...rce-reporting-of-all-accounts-of-600-or-more/
It's all true too. Starting on January 1st 2022 if you make 600.00 thru PayPal or Venmo, etc, the IRS will be getting a 1099 on your funds. Now this doesn't apply to Friends and Family transactions. So....it will naturally cause more people to wind up getting ripped off.