January 10, 2022
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6:16Now PlayingTax laws are changing in 2022.
Patrons who use payment apps such as PayPal, Cash App, Venmo and Zello will now have to report transactions of over $600 to the IRS.
Accountants believe the apps have evolved from paying a friend for dinner to now being used by small business owners to fund legitimate transactions.
Many are concerned about how they will be affected by stimulus checks and the child tax credit.
All this and more on “Start Your Day.”
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