Accelerated Tax Resolution LLC

As the year-end approaches, there’s been debate around tax reporting for business transactions on payment apps such as Venmo and PayPal, along with e-commerce companies, such as eBay, Etsy and Poshmark.

Read more about how this could effect you: https://www.cnbc.com/2023/08/20/some-lawmakers-want-to-increase-the-1099-k-tax-reporting-thresholds.html

Lawmakers weigh tax rule 'backslide' for Venmo, PayPal users, says analyst. What it means for you Some lawmakers want to increase the tax-reporting thresholds for Form 1099-K, which covers payments from companies such as Venmo or PayPal. Here's what to know.