Users of Venmo, Cash App and other payment apps will get a tax reprieve this year. The IRS announced Tuesday it will delay implementing new reporting requirements that were to take effect for the upcoming tax filing season.
Read More: Newsmax
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IRS Delays Rule That Would Require Reporting Of Transactions Above $600
The Internal Revenue Service (IRS) delayed a rule that would require Americans to report transactions above $600 made through third-party payment settlement organizations.
Read More: Daily Wire