Tue, January 14, 2025
[ Tue, Jan 14th 2025 ]: Investopedia
What's Behind Surging Business Optimism? Likely Some of Trump's Proposals
[ Tue, Jan 14th 2025 ]: Reuters
Britain's Reeves pledges to stick to fiscal rules at all times
[ Tue, Jan 14th 2025 ]: Reuters
JPMorgan names CEO contender Jennifer Piepszak as its operations chief
[ Tue, Jan 14th 2025 ]: MSN
5 Cities That Are Likely To Thrive Once Trump Takes Office
[ Tue, Jan 14th 2025 ]: Firstpost
Will Union Budget 2025 deliver on financial sector reforms?
[ Tue, Jan 14th 2025 ]: Forbes
How To Prepare Financial Statements For A Future Public Company
[ Tue, Jan 14th 2025 ]: Forbes
Partnerships: How To Drive Business Success Without Draining Resources
[ Tue, Jan 14th 2025 ]: Tuko
Kenya Railways Announces Several Career Opportunities with January Deadline
[ Tue, Jan 14th 2025 ]: Forbes
Conversational AI Trends For 2025 And Beyond
[ Tue, Jan 14th 2025 ]: Kiplinger
Irrevocable Trusts: So Many Options to Lower Taxes and Protect Assets
[ Tue, Jan 14th 2025 ]: Reuters
What does Indian industry want from February's budget?
[ Tue, Jan 14th 2025 ]: ThePrint
Small Finance Banks' growth to moderate to 18-20 pc in FY2025: Report
[ Tue, Jan 14th 2025 ]: Reuters
India to forecast stronger growth next year while sticking to fiscal deficit goals, sources say
[ Tue, Jan 14th 2025 ]: MSN
Sagittarius Daily Horoscope Today (Nov 22- Dec 21), January 14, 2025: Maintain generosity!
[ Tue, Jan 14th 2025 ]: MSN
It's Official! Tax Season Starts Jan 27, 2025 -- What You Need To Do and Know
[ Tue, Jan 14th 2025 ]: MSN
US economy to lose nearly 6 million American jobs .. GDP if Congress lets Trump tax cuts expire: study
Mon, January 13, 2025
[ Mon, Jan 13th 2025 ]: WDRB
Yum! Brands promotes Taco Bell president to lead KFC Division
[ Mon, Jan 13th 2025 ]: Emirates247
UAE and Uzbekistan explore ways to enhance econom .. ew economy, FinTech, tourism and entrepreneurship
[ Mon, Jan 13th 2025 ]: SiliconANGLE
Moonpay acquires Helio to enhance cryptocurrency commerce and trading infrastructure
[ Mon, Jan 13th 2025 ]: Investopedia
Salary vs. Hourly Pay: What's the Difference?
[ Mon, Jan 13th 2025 ]: BBC
Chancellor will remain for all of Parliament, Downing Street says
[ Mon, Jan 13th 2025 ]: CNET
Rocket Money Review 2025
[ Mon, Jan 13th 2025 ]: AOL
Female founders jump into action to provide relief for Los Angeles wildfire victims
[ Mon, Jan 13th 2025 ]: CFO
A CFO action plan for 2025
[ Mon, Jan 13th 2025 ]: CNET
IRS 1099-K Update: Venmo, PayPal and Cash App Users Should Know About This New Tax Rule
[ Mon, Jan 13th 2025 ]: Forbes
3 Billion-Dollar Entrepreneur Lessons From World Chess Champion Gukesh
[ Mon, Jan 13th 2025 ]: Forbes
Newlab To Launch A Saudi Hub. First Focus: Mining Startups
[ Mon, Jan 13th 2025 ]: sinchew
HKICPA participates in the Asian Financial Forum .. lores new growth engines in global sustainability
[ Mon, Jan 13th 2025 ]: Forbes
The Right Time To Start Planning Your Business Sale
[ Mon, Jan 13th 2025 ]: CIO
10 top priorities for CIOs in 2025
[ Mon, Jan 13th 2025 ]: Reuters
Italian bank deposits' growth accelerates further in November
[ Mon, Jan 13th 2025 ]: Reuters
Commerzbank chairman sees little chance of amicable UniCredit merger, report says
[ Mon, Jan 13th 2025 ]: MSN
Leo, Weekly Horoscope, January 12 to January 18, 2025: Challenges may appear midweek
[ Mon, Jan 13th 2025 ]: MSN
Sagittarius Daily Horoscope Today (Nov 22- Dec 21), January 13, 2025: Team spirit will improve!
[ Mon, Jan 13th 2025 ]: MSN
China, UK restart economic and financial talks after 6-year hiatus
[ Mon, Jan 13th 2025 ]: Reuters
Australia's Star Entertainment pares losses after slipping to record low
[ Mon, Jan 13th 2025 ]: timesnownews
Bank Holiday Today? Here's Whether Banks Are Open .. n Monday, January 13, Amid Lohri 2025 Festivities
Sun, January 12, 2025
[ Sun, Jan 12th 2025 ]: Reuters
US bank regulator gives BlackRock February deadline on bank stakes, Bloomberg reports
[ Sun, Jan 12th 2025 ]: Reuters
Global air finance summit to take stock of jet shortages, trade risks
[ Sun, Jan 12th 2025 ]: Couriermail
'Ignored': 27yo reveals sad reality of shopping in Australia
[ Sun, Jan 12th 2025 ]: AOL
Top plays among the 'Magnificent 7' and Big Tech stocks as Trump returns to the White House
[ Sun, Jan 12th 2025 ]: dailyinvestor
Inflation, interest rates, and NHI - Dawie Roodt's outlook for 2025
[ Sun, Jan 12th 2025 ]: businessday
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[ Sun, Jan 12th 2025 ]: MSN
Weekly Money Horoscope January 12 to January 18, .. in decision-making are key for most zodiac signs
[ Sun, Jan 12th 2025 ]: MSN
January 12, 2025, Birthday Forecast: Year of stea .. professional progress and financial opportunities
[ Sun, Jan 12th 2025 ]: MSN
Q3 results this week: RIL, Infosys, HCL Tech, Jio .. dra Bank among 101 companies to announce earnings
Sat, January 11, 2025
[ Sat, Jan 11th 2025 ]: MSN
Is MicroStrategy Incorporated (MSTR) Among the Best Growth Stocks to Buy and Hold in 2025?
[ Sat, Jan 11th 2025 ]: AOL
This Artificial Intelligence (AI) Fintech Could Be One of The Largest IPOs in 2025

IRS 1099-K Update: Venmo, PayPal and Cash App Users Should Know About This New Tax Rule

Originally set to kick off at the beginning of 2022, the IRS planned to implement a new reporting rule that would require third-party payment apps, like PayPal, Venmo or Cash App to report income of over $600 or more per year to the tax agency. The IRS delayed this new reporting requirement in 2022 and again in 2023.
The IRS has introduced a new tax reporting rule affecting users of payment apps like Venmo, PayPal, and CashApp. Previously, these platforms were required to issue a 1099-K form only if a user had over 200 transactions and more than $20,000 in payments. However, under the new rule, starting from the tax year 2023, a 1099-K will be issued for anyone receiving over $600 in payments, regardless of the number of transactions. This change aims to increase tax compliance by capturing more income from gig work, freelancing, and other informal income sources. Users should be aware that this form does not necessarily mean they owe taxes on the full amount, as personal transactions like splitting bills or gifts are not taxable. Nonetheless, it's crucial for users to keep accurate records to distinguish between taxable and non-taxable transactions.

Read the Full CNET Article at:
[ https://www.cnet.com/personal-finance/taxes/irs-1099-k-update-venmo-paypal-and-cash-app-users-should-know-about-this-new-tax-rule/ ]