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American Rescue Plan of 2021 amended the Internal Revenue Code so that an IRS 1099K form has to be filed for annual transactions exceeding $600 on apps like Venmo, Paypal, Cash App, and Zelle. Here's how to legally avoid paying taxes on those platforms. Be truthful in the type of payment transaction. 👍 SUBSCRIBE HERE: / @weareinvesting Live Trade Alerts on the Private Discord: / weareinvesting Interactive Brokers Affiliate Link: https://www.interactivebrokers.com/mk... Webull Free Stocks up to $30,600: https://a.webull.com/i/SeanWeAreInves... Seeking Alpha Premium Affiliate Link: https://www.sahg6dtr.com/6SZJ52/55M6S/ This channel was created to document and share with the world, my investing strategies, goals, and progress. Another key factor of this channel, and the reason why it is called "WE are investing" is that we are a growing community of everyday investors and retail investors that learns and grows from each other. So stay tuned for more growth, more money, financial independence content, and some more content on the stock market. DISCLAIMER: I am not a financial advisor and I am not telling you to buy or sell any stock. Invest at your own risk and always do your own due diligence. I will not be held liable for any loses or gains occurred.