Have you ever used PayPal or Venmo? These third-party payment apps have gained the attention of the IRS. Many Americans use these apps casually for group outings, while others have been using them for their side-hustle transactions. Filing requirements have drastically changed in 2021, now requiring taxpayers to report income of $600 or more using one of these apps. , and AffordableCEO, David King provide useful tips so that you can understand whether or not you owe, and when you should file your side-hustle income.
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