Paypal Changes for 2022


If I understand this correctly, Paypal, along with all on-line payment sources like Venmo, etc. will now be sending out 1099 forms for all payments totaling $600 you receive in 2022 for goods or services.  The only way around this is to use Paypal friends and family for payment which eliminates any buyer protections.  Is everyone aware of this?

 

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Showing 1 response by jim5559

And 15,000if you want medical insurance for a family .

Congress will ALWAYS see US has private insurance .

We are so lucky the other 29 lands in our group only have State pays . Cost to you   around  1500 in tax ,