Wed, February 5, 2025
[ Wed, Feb 05th 2025 ]: indepthnh
U.S. Rep. Goodlander Demands Answers About Musk Access to SBA Systems
[ Wed, Feb 05th 2025 ]: Kiplinger
Is Disney Stock Still a Buy After Earnings?
[ Wed, Feb 05th 2025 ]: Kiplinger
AMD Stock Falls Despite Earnings Beat: What to Know
[ Wed, Feb 05th 2025 ]: MSN
Disney price hikes help fuel earnings growth as streaming business posts profit
[ Wed, Feb 05th 2025 ]: AOL
Polestar's CEO: 'Serious' tariff obstacles will limit product choice
[ Wed, Feb 05th 2025 ]: MoneyWeek
MPs launch inquiry into AI and financial services - is it time to regulate the robots?
[ Wed, Feb 05th 2025 ]: Kiplinger
The Two Reasons Alphabet Stock Is Sinking After Earnings
[ Wed, Feb 05th 2025 ]: Forbes
Trump Tariffs Live Updates: USPS Does A U-Turn An .. ys It Will Continue Accepting Packages From China
[ Wed, Feb 05th 2025 ]: Forbes
Here Comes The Big, Strong Agentic AI Wave
[ Wed, Feb 05th 2025 ]: MSN
Gemini Daily Horoscope Today (May 21- June 20), February 5, 2025: Confidence will be high!
[ Wed, Feb 05th 2025 ]: Tuko
List of Taxes, Levies CS Mbadi Could Spare from Rate Hikes in Finance Bill 2025
[ Wed, Feb 05th 2025 ]: businessday
Tech, finance, governance on focus at 2025 Omniverse Africa Summit
[ Wed, Feb 05th 2025 ]: Forbes
The Smartest Businesses For 2025: Where The Money Is Now
[ Wed, Feb 05th 2025 ]: Tuko
Africa Tech Summit Nairobi 2025 to Unite Industry Leaders for Innovation and Investment
[ Wed, Feb 05th 2025 ]: AOL
AMD posts Q4 earnings beat, strong Q1 forecast
[ Wed, Feb 05th 2025 ]: Reuters
Credit Agricole reports 27% Q4 profit jump, aided by Amundi and trading
[ Wed, Feb 05th 2025 ]: Mint
ITC, IndiGo to Bajaj Finance: SBI Securities picks 5 stocks to buy after Budget 2025
[ Wed, Feb 05th 2025 ]: Reuters
Japanese brokerage Nomura doubles third-quarter profit
[ Wed, Feb 05th 2025 ]: Reuters
Sweden's Handelsbanken Q4 net profit beats forecast
Tue, February 4, 2025
[ Tue, Feb 04th 2025 ]: cnbctv18
Aye Finance partners with Credgenics to enhance debt collection processes
[ Tue, Feb 04th 2025 ]: AOL
DeepSeek has tilted the balance towards open source AI, but big security issues remain
[ Tue, Feb 04th 2025 ]: Fortune
Home News Tech Finance Leadership Well Education Fortune 500
[ Tue, Feb 04th 2025 ]: CNET
Will You Owe Taxes With the New IRS Rule for Venmo, PayPal and Cash App Payments?
[ Tue, Feb 04th 2025 ]: Forbes
Future-Proofing Treasury: Three Key Strategies For Staying Ahead
[ Tue, Feb 04th 2025 ]: ABC
Treasury Dept. gives Elon Musk's team access to federal payment system: Sources
[ Tue, Feb 04th 2025 ]: Kiplinger
PayPal Stock Falls Despite Earnings Beat, Strong Outlook
[ Tue, Feb 04th 2025 ]: Kiplinger
PepsiCo Stock Falls Despite Earnings Beat, Dividend Hike
[ Tue, Feb 04th 2025 ]: AOL
PepsiCo CEO on Trump tariffs, road ahead for business
[ Tue, Feb 04th 2025 ]: Forbes
How AI Agents, Blockchain, And DeepSeek Are Reshaping Business In 2025
[ Tue, Feb 04th 2025 ]: AOL
Glassdoor CEO: The workers are talking about you (whether you like it or not!)
[ Tue, Feb 04th 2025 ]: cnbctv18
Ujjivan Small Finance applies for universal banking license with RBI
[ Tue, Feb 04th 2025 ]: MSN
China imposes retaliatory tariffs on US goods including coal, crude oil, and some vehicles
[ Tue, Feb 04th 2025 ]: Reuters
Singapore's GIC appoints Bryan Yeo as group chief investment officer
[ Tue, Feb 04th 2025 ]: Reuters
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[ Tue, Feb 04th 2025 ]: Tuko
NCBA Bank Announces Several Jobs for Kenyans in February 2025
[ Tue, Feb 04th 2025 ]: Reuters
ING looking for acquisitions to grow in Germany, Italy and Spain, says CEO
[ Tue, Feb 04th 2025 ]: cryptonews
Bitcoin Miners Consider Hashrate Derivatives as BTC Price Rises
[ Tue, Feb 04th 2025 ]: decrypt
'Full-Throated Demand' for Crypto ETFs Yet to Emerge on Wall Street
[ Tue, Feb 04th 2025 ]: Malaysiakini
Brace for impact: Guan Eng proposes six shields against Trump's tariffs
[ Tue, Feb 04th 2025 ]: MSN
Trump's tariff critics are trading on overblown and unfounded fears
[ Tue, Feb 04th 2025 ]: CIO
25 enterprise tech predictions and goals for 2025, from APAC CIOs
Mon, February 3, 2025
[ Mon, Feb 03rd 2025 ]: AOL
Is Netflix a Buy, Sell, or Hold in 2025?
[ Mon, Feb 03rd 2025 ]: Entrepreneur
Dollar Tree: When the Off-Price Is Still Too Expensive
[ Mon, Feb 03rd 2025 ]: Forbes
The Future Of Payments, Digital Money And The Underlying Technology
[ Mon, Feb 03rd 2025 ]: Reuters
Canadians cancel trips, ban American booze after Trump's tariffs
[ Mon, Feb 03rd 2025 ]: MSN
Manitoba Premier Wab Kinew reacts to threats of U.S. tariffs
[ Mon, Feb 03rd 2025 ]: BBC
Trump and Trudeau hold call after US president delays Mexico tariffs
[ Mon, Feb 03rd 2025 ]: MSN
Northern Ireland social enterprise firm appoints Newtownabbey businessman as new director

Will You Owe Taxes With the New IRS Rule for Venmo, PayPal and Cash App Payments?

This new tax reporting rule should not affect your tax liability. If you earn over $400 in income, you need to report it to the IRS.
The IRS has introduced a new rule affecting users of payment apps like Venmo, PayPal, and Cash App, which lowers the transaction threshold for reporting income from $20,000 and 200 transactions to just $600 in total payments for goods and services. This change, effective from the 2023 tax year, means that if you receive more than $600 through these platforms for business transactions, you will receive a Form 1099-K, which must be reported on your tax return. However, personal transactions like splitting bills or gifts are not taxable, though distinguishing between personal and business transactions might become more complex. This rule aims to increase tax compliance by capturing more income that might have previously gone unreported, but it has raised concerns about confusion among users, especially those who might receive the form for non-taxable personal transactions. The IRS has acknowledged these concerns and is working on providing clearer guidance to differentiate between taxable and non-taxable transactions.

Read the Full CNET Article at:
[ https://www.cnet.com/personal-finance/taxes/will-you-owe-taxes-because-of-the-new-irs-rule-for-venmo-paypal-and-cash-app-payments/ ]