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IRS: Transactions over $600 received through payment apps must be reported

2022-12-03 12:44:01
Collection

ChainCatcher News, the IRS issued a reminder this week that transactions exceeding $600 received through payment apps like Venmo, PayPal, and Cash App must be reported for tax purposes. It is understood that payment apps such as Cash App and Venmo now support cryptocurrency payments, including Bitcoin. (foxbusiness)

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