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Reply to "So people will be taxed on venmo and zelle transactions?"
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[quote=Anonymous]We outsource a lot and pay for kids activities through Venmo, Zelle, and PayPal. This year at least three vendors I work with have asked to move to checks or cash because of this new rule. I am actually appalled at how many business are trying to avoid taxes - not sketchy people or businesses but people who coach kids, tutor, run insured and licensed companies. I will do checks but not cash. There is a huge amount of tax evasion going on through these platforms. I’m glad the IRS is cracking down. I have always been a W2 or 1099 income person and it makes me angry that people cheat on taxes. [/quote]
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