Third-party payment apps must report goods and services payments of $600 or above to Internal Revenue Service (IRS) starting from Jan. 1.
The new rule will affect all main payment apps including PayPal, Venmo, Cash App, Zelle, Google Pay, etc.
A person downloads the Venmo app on their iPhone in New York on March 1, 2015. Benjamin Chasteen/Epoch Times
Allen Zhong
senior writer
|Updated:
Allen Zhong
senior writer
Allen Zhong is a long-time writer and reporter for The Epoch Times. He joined the Epoch Media Group in 2012. His main focus is on U.S. politics. Send him your story ideas: [email protected]
