NEW IRS $600 Tax Rule On Payments from PayPal, Cash App, Venmo & More! скачать в хорошем качестве

NEW IRS $600 Tax Rule On Payments from PayPal, Cash App, Venmo & More!

By a Trusted CPA: Learn how payments you receive from Third Party Payment Applications could be taxed in 2024 & Beyond. Get a Free Tax Consultation: https://mycpacoach.com/contact/ If you receive more than $600 from payment applications like Venmo, Cash App, Apple Pay, Google Pay, and PayPal, you may be subject to additional taxes when you file your tax returns due to new IRS rules. #1099k #irsnews #venmo #cashapp #zelle #applepay #googlepay #paypal Even if the payments are from friends, family, or other connections, if you are not careful, you may be subject to additional tax because payment applications are now required to report your payment activity to the federal government. More than 20 million taxpayers will be affected by these new tax changes, so as a licensed CPA that tax plans everyday at mycpacoach.com, I want to help you prepare for these new rules and more importantly, help you keep more of your hard earned money, so let's jump in. New IRS Rule: (0:00) Why This Is Happening: (0:48) Payment Thresholds: (2:10) New 1099-K Tax Form: (2:55) Example: (3:35) Why Zelle Is Exempt: (4:35) Which Payments Are Taxable?: (5:40) How To Avoid Taxable Payments: (6:55) Tax Planning: (8:10) //// DISCLAIMER: The information provided in this video is for entertainment and informational purposes only and is not professional legal, accounting, or financial advice.