On September 7, 2022 we posted Reminder PayPal, Venmo & Third-Party Payment Networks Start Reporting to the IRS Payments > $600 Starting in 2022, where we discussed that Third-party payment networks, such as PayPal and Venmo, beginning January 1, 2022, they and all third-party payment processors in the United States are required to report payments received for goods and services of more than $600 a year.
Now Zelle Says It is ‘Not Subject’ to IRS Reporting.
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