As of January 1, users Cell y PayPal Taxes must be filed in the United States (US).

However, only those who have a business and receive payments through these applications must report their income to the IRS.

statement in front of The IRS must file a Form 1099-K .where only payments for goods and services are reported.

Changes to the IRS for PayPal and Zelle

Congress has discussed some changes that can be taken into account From the following fiscal year 2023Among them are the following:

1. Reducing the reporting limit for goods and services transactions on Form 1099-K, this creates a tax report to the IRS, which in turn Reports on payments for goods and services That is received from a company or person in a calendar year.

2. Change the way financial entities typically report the income and expenses of money in their clients’ accounts.

It should be noted that Not all people are obligated to comply With these changes, but these users Businesses with annual total sales of $600 or more Using Form 1099-K.

The Internal Revenue Code has been corrected in certain sections, requiring third party settlement organizations (TPSOs), such as PayPal Wuzil, they did Reports on bank account movements relating to goods and services.

It is important to highlight that these legislative proposals Not yet approvedbut we must bear in mind that these changes were made in the US bailout law last year 2021.

Visit our news cryptojuegos here.

Now you can buy bitcoins with local currencies from Latin America and without commissions on Binance
You can buy and sell Bitcoin and other cryptocurrencies with Binance P2P platform in local currency saviorAnd VenezuelaAnd ArgentinaAnd ColombiaAnd ChileAnd UruguayAnd PeruAnd BoliviaAnd ParaguayAnd BrazilAnd Mexicos Dominican Republic.



See also  Nestlé has realized that more than 60% of its products are unhealthy




in Venezuela Buy cryptocurrency With Bolivar through Mercantil, regional banks, with bank transfer, mobile payment and PayPal.
To start buying, selling and trading cryptocurrencies on Binance, you need to have an active and verified account. it is easy.Open your account here
in a Morocotacoin.news Now you can watch these simple tutorials to get started buying and selling cryptocurrencies:

Learn how Participation On Binance to buy and sell bitcoin and other cryptocurrencies. here.
How to do identity verification or KYC on Binance to open or continue using your account. here.
How to buy bitcoin using Bolivar And Binance P2P at 5 PM. here.
Binance P2P Tutorial for Buying and Selling Cryptocurrency Using Bolivar, pesos and soles. here.
How to buy and sell bitcoins in format Colombia? Guide to making money with BTC through Binance P2P. here.
How to add New Payment Methods To buy and sell cryptocurrencies on Binance P2P. here.
Learn how to ride a sell order of bitcoins on the Binance exchange. here.
Do you want to know how to sell your bitcoins with a file demand limit on Binance? Learn how to do this and its benefits. here.
how Post ads On Binance to buy and sell cryptocurrencies. here.
tips for Make sure Buy and sell cryptocurrency on Binance P2P platform. here.