How To Avoid Accidentally Paying Tax on Money Received through Zelle
Since the Internal Revenue Service reported that third-party payment processors will be responsible, starting in 2022, for reporting payments issued on a 1099-K form, people who use these platforms to exchange money with family and friends were concerned about the tax ramifications. Nearly every platform, including PayPal and Venmo, make it possible to process transactions as “friends and family” to […]
Read more