Tag: Venmo

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Small business owners worried as IRS targets digital payments: Thousands could be owed in 2022

The Internal Revenue Service is cracking down on digital payments. In an effort to collect on unpaid taxes the IRS is set to start tracking transactions on platforms like PayPal, Venmo, and Square beginning January 1, 2022. The tax reporting change is ... MORE
Business, IRS, News, Venmo
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Will IRS get tax refunds, stimulus payments arrive by December? Will bank, Venmo, or CashApp transactions be targeted in 2022?

Is the IRS going to get all tax returns and refunds processed by the end of the year? Will they finally be given the chance to go after those who use payment platforms like CashApp or Venmo? Last month Democrats proposed that ... MORE