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Reply to "So people will be taxed on venmo and zelle transactions?"
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[quote=Anonymous][quote=Anonymous]I pay lawn care company, sitters, cleaning lady, and kids’ tutors w Venmo. No idea how any of these parties are reporting income but I expect at least some (eg cleaning lady) are not declaring the income. How will these scenarios be treated? How will Venmo know who to send a form too?[/quote] We used to pay our cleaning lady by Venmo. She requested to change to checks this year. I think I know why. Kind of odd that apparently it's easier to evade taxes using a checking account.[/quote]
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