# Venmo, PayPal And The IRS: Here’s What You Need To Know

- Link: https://www.widthness.com/venmo-paypal-and-the-irs-heres-what-you-need-to-know/
- Published: 2022-09-12T09:15:14-05:00
- Author: Curated by John Wysocki

Image credit: Getty. Article by Angie Noll.  Forbes – September 9, 2022. Beware, business owners and side-giggers: You are subject to taxes on your earnings when you collect payments from peer-to-peer apps like Venmo, PayPal and CashApp. To be clear, this is not a change in tax law since these earnings were already taxable; it is just a reporting change, where these providers must now send users tax forms for payments over $600, and the IRS can utilize mobile money apps during the audit process. […] Click here to view original web page at www.forbes.com Curated by John Wysocki Chief Technical Officer See Full Bio