Venmo, PayPal and Cash App will now have to report transactions totaling more than $600 to the IRS
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Venmo, PayPal Commercial Transactions Get New $600/year Reporting Rule
Venmo and Paypal will now share your transactions with the IRS if you make more than $600 a year on the platforms - The Washington Post
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🔴 IRS Warning: New $600 PayPal & Venmo Transaction Threshold