Digital Payment Service ZELLE Claims to Provide a Tax Loophole for Small Businesses
The IRS’ new reporting rule for third-party payments has been a concern for small businesses who use platforms like PayPal or Venmo to complete transactions. As of 2022, payments for goods and services totaling $600 or more within a tax year, regardless of the number of individual transactions, must be reported to the IRS. Third-party …
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