you need to know about the new tax reporting requirement for PayPal, Venmo, Cash App and other third-party payment apps. The IRS is requiring third party payment apps to send you a 1099-K tax form ...
Best apps to send money Best for budding investors: CashApp Best between friends: Venmo Best for flexible payments: PayPal Best for bank-to-bank transfers: Zelle Best for sending money ...
It’s best practice not to mark Venmo, Cash App or PayPal payments between friends and family as business transactions — and don’t note them on your 1099-K form when filing. If you’re ...