The Internal Revenue Service will push back its implementation of a law requiring peer-to-peer payment platforms such as Venmo and PayPal to report aggregate payments of $600 or more for one final time, it said Thursday, and the threshold for 2025 will instead be $2,500.
IRS Delays $600 Payment Reporting Requirement A Final Time
by usoftax_admin | Nov 26, 2024 | Tax News