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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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jond's avatar
jond
5,846 posts
 

The IRS has lost 20% of it's staff in the last decade they already can't keep up with tax returns. Stop the hyperventilating over nothing more IRS staff will help the overall economy.

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eonflux
3 posts
 

This is how those brilliant politician’s said they would catch the rich and force them to pay their fair share...like Elon Musk, Jeff Bezos and Bill Gates.

elliottbnewcombjr
5,473 posts
 

well, thanks for the info. 

I gave a guy a loan, he has been paying me via Zelle. 

I just asked him to use money orders instead.

Any other ideas how to receive loan payments?

eonflux
3 posts
 

Just another way to get more of our money...even when the USED items we sell have already been taxed.

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