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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?

 

Ag insider logo xs@2xdave43
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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
5,383 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.

audioman58's avatar
audioman58
4,144 posts
 

PayPal is a huge extreme violator od your 1st 2 nd amendment 

with Twitter, google, Facebook , stripe is better imo 

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