Payment Apps IRS reporting

[Hobbyguytx]

FYI - new IRS regulations now require 3rd party payment Apps (i.e. Venmo, PayPal, Cash App, etc) to report all payments of $600 or more.

https://www.yahoo.com/finance/video/...191900276.html

[Funtime2021]

Only if you have a business account. They can't do anything on a personal account. So if you use Cash App and it has like a building next to your name you need to change it.

How do you change it? In the settings is says contact customer support. Tell them I don't use it for a business it's personal and they will change it within 24-hours. I did that took less than two-hours for them to fix it.

Or you can just use Zelle. Because that's a bank app they can't go after it...unless you are running a business. We are all friends right!?!?!?!