Cash App Report Personal Accounts to IRS: Do I Have to Pay Taxes?
Digital payment apps like Cash App, Chime, PayPal, GeenDot, Netspend, Venmo, and Zelle will be subject to new IRS tax requirements as of January 1, 2022. The IRS announced the new rules in a press release. If a user’s annual transaction threshold is exceeded, the IRS will begin collecting data on their transactions.This year, Cash…