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The IRS recently changed the rules on third party money transfer apps. Starting in 2023, any business transaction over $600 will be reported on a 1099K. While 2022 is a grace period, it's still important to understand how PayPal, Venmo, Cash App, and Zelle taxes work! #paypal #irs #cashapp Need help filing your taxes or maximizing your deductions? ➡️ https://gordonlawltd.com/tax-preparat... eBay, Etsy, and Facebook Marketplace taxes: • Selling on eBay, Etsy, and Facebook Market... Check out our blog! https://gordonlawltd.com/blog/ ➡️Website: https://gordonlawltd.com/ 00:00 Introduction 00:31 New IRS $600 Threshold 01:53 Business vs Personal Account 03:31 Cash App Taxes 03:53 PayPal & Venmo Taxes 04:43 Zelle Taxes 05:08 Wrap Up ➡️Follow Us! Twitter: / gordonlawltd Facebook: / gordonlawltd Instagram: / thegordonlawgroup TikTok: / cryptolawteam Reddit: / gordon_law LinkedIn: / gordon-law-group-ltd- The information contained in this video, as well as any linked articles, videos, or posts, is intended for general informational and educational purposes only. This information is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Viewers should not rely upon any information contained within for legal advice, and should seek legal advice before taking any action with respect to the matters discussed herein. Commenting or interacting with this video does not create an attorney-client relationship. Messages or other forms of communication that you transmit to Gordon Law Group will not create an attorney-client relationship and thus information contained in such communications may not be protected as privileged or confidential. This material may be considered an attorney advertisement.