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Internal Revenue Service › Venmo › American Rescue Plan Act of 2021

The United States Internal Revenue Service is a bureau of the United States Department of the Treasury. The IRS is charged with collecting revenue and enforcing the Internal Revenue Code.  
Allen Barron, Inc.

Do You Have to Pay Taxes When Selling Goods or Services Online?

Allen Barron, Inc. on

We are often asked if one has to pay taxes when selling goods or services online.  That question became even more relevant this week when the IRS postponed the new “$600 Rule.” This is a particular relief for those wo receive...more

Weber Gallagher Simpson Stapleton Fires &...

What to Know About Reporting Apple Pay, Venmo and Cash App Transactions

Weber Gallagher Simpson Stapleton Fires &... on

Weber Gallagher’s Family Law Group often reviews payments made through popular mobile apps, including Venmo and Apple Pay, in discovery and for support purposes. Clients who utilize one of the many mobile payment platforms...more

Flaster Greenberg PC

Digital, Digital Break Down: How to Make Sure You’re *NSYNC with IRS Changes for Reporting Virtual Payment Transactions

Flaster Greenberg PC on

You may have seen recent headlines warning that the IRS is tracking certain transactions paid using digital payment services such as Paypal, Cash App, Zelle, and Venmo. Even worse, you may have wondered whether a new law...more

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