New IRS Rule Targets Working Americans Using Digital Payments

As the IRS kicks off the 2023 tax filing season, a recent Government Accountability Office (GAO) report reveals that for the first time, Americans will be receiving 1099-K tax forms for earnings paid through Venmo and PayPal. According to the report, “IRS expects to receive about 44 million Form 1099-Ks in 2024 — an increase ...

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