NEW $600 Limit on 1099K WalkThrough (VENMO, CASHAPP, ETSY, PAYPAL, EBAY)

Everyone is panicking over the new IRS requirement to report any transaction over $600 on the 1099-K form. Larry Gray and Debbie Cook explain what this rule actually means for those doing business online vs moms selling used clothes on Facebook Marketplace.

Watch Next ????️
▶️ IRS Letter 6419 Explained (Child Tax Credit)
https://youtu.be/wqo-kp4ZxP4
▶️ Top 15 Tax Breaks for the Self-Employed Business Owner Step-by-Step (2021)
https://youtu.be/aCm4vp8YZPY
▶️ Learn How to Pick the BEST Accountant for Your Small Business Needs
https://youtu.be/Kr_o10A8-Ic
▶️ Learn How Your Social Media Influencer Business Can Pay Less Taxes
https://youtu.be/Vi29SmTHK5A

Youtube Homepage @ youtube.com/agcsolutions
Follow our Facebook Page @ facebook.com/agctaxsolutions

#1099krequirements2021 #venmo #1099k2022 #self-employment #zelle #stripe
_________________________________________________________________________________________
AGC Solutions does not provide tax, legal or accounting advice. This content has been prepared for informational purposes only and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. Also, tax law is ever-changing and every effort should be made to seek out the most current information. Make sure to check date of published content to ensure most current information.