The IRS has decided to postpone implementation of a rule change that would affect tax filers who receive business income via payment apps like Venmo and CashApp
The IRS has decided to postpone implementation of a rule change that would affect tax filers who receive business income via payment apps like Venmo and CashApp
For the second year in a row, the IRS has decided to postpone implementation of a rule change that might have resulted in 44 million more 1099-K forms being sent in January to tax filers who received business income for their goods and services via payment apps and online marketplaces like Venmo, CashApp, Etsy and Airbnb, among others.
The change might have resulted in 44 million more 1099-K forms being sent in January to such filers, including small business owners, freelancers, those with side hustles and gig workers.
The IRS has decided to postpone implementation of a rule change that would affect tax filers who receive business income via payment apps like Venmo and CashApp