PayPal/Venmo Update for BSA Units
ScoutBook | PayPal/Venmo Update for BSA Units Beginning January 1, 2022, the Internal Revenue Service (IRS) introduced new reporting requirements for payments received for goods and services, which will lower the reporting threshold to $600 for the 2022 tax season, from 2021’s threshold of $20,000 and 200 transactions. These reporting requirements are only for payments […]
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