The deadline to file federal income tax returns and extensions to the Internal Revenue Service is Tuesday for most of the ...

Generally, personal transactions on Venmo don't trigger tax obligations. Yet, when it comes to business dealings, the rules ...

According to the IRS, for 2024, businesses and workers are required to report income of $5,000 or more from these apps. In ...

For example, if a person earned $3,000 through PayPal and $2,600 through Venmo, they made a total of $5,600 in taxable income ...

This article was expert reviewed by Lisa Niser, EA, an enrolled agent and tax advisor. If you run a side hustle or a small business and accept payments on Venmo, Cash App, or an online marketplace ...

If you earn income through platforms like Venmo, CashApp ... small business owners to consult with a tax professional.

There are different rules and reporting requirements depending ... people to pay one another via services like PayPal and Venmo, an IRS reporting requirement could cause complications.

If you’re a freelancer, business owner, or just have a small side hustle, you should know about the new tax requirement this year for electronic payments through Venmo, PayPal ... Here are how the new ...