![]() ![]() So, should you expect a Venmo 1099 next year? Read this article to find out. So, starting on January 31, 2024, payment processors like Paypal and Venmo will expand their reporting guidelines to comply with the new regulations. This was originally to be implemented in January 2023, but there was pushback from the industry, and the IRS postponed the implementation date to 2024. As a result of the new rules, many more people will get a Venmo 1099 in 2024. Remote work has produced an influx of 1099 independent contractors, and the IRS updated its rules in 2022 to ensure everyone pays their fair share of taxes. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |