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Cash App Transaction Soon Will Be Taxable

Cash App Transaction Soon Will Be Taxable red love neon light signage

According to the Guardian, small businesses and independent contractors that use cash apps like Paypal and Venmo will now have those transactions reported at year end to the IRS.

A new tax rule will impact millions of small businesses in 2022. You can thank one small change buried in the American Rescue Plan Act of 2021.

Read the article The Guardian

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