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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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wolfie62
352 posts
 

When you have a government that gives away $T in money……You shouldn’t be  surprised to see taxes increased, and new ways of grabbing your money invented.

secretguy
1,703 posts
 

Look at all the wonderful, tax dodging "patriots".

jond's avatar
jond
5,807 posts
 

+1 secretguy I'm happy to pay taxes everyone should pay their share.

noske
783 posts
 

They won't send one to me because the IRS has never sent me anything.

nonoise's avatar
nonoise
10,842 posts
 

Never knew so many sovereign citizens resided in the borders of America.
Is that like cosplaying Americans? It's hard to tell you guys from the real ones.

All the best,
Nonoise

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