New IRS Payment Information

There are new IRS reporting requirements for businesses starting in 2022 for payments made via apps like CashApp, Venmo, Paypal, and Zell, so we’re diving into that today. Passed in the American Rescue Plan earlier this year, the IRS is lowering the threshold of reporting requirements from these services. IF you are a business owner who relies on these platforms, you won’t want to miss this week!

In this episode, we’ll cover: 

  • What the new law says
  • What thresholds are now placed on payment apps
  • What this means for your business

For Andrea’s 30th birthday, we are excited to announce a 30% off deal for all Trademark search and applications! Go to AndreaSager.com during the month of October to pick up this sweet deal!

Is your business ready for the new tax laws? Take a screenshot of this episode, add it to your Instagram Stories, tag @andreasagerlaw and let me know! Plus, follow our brand new IG, @legalpreneur! Send me an email at [email protected] for more information!

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Transcript

Disclaimer: 

The Legalpreneur Podcast is advertising/marketing material. It is not legal advice. Please consult with your attorney on these topics. Copyright Andrea Sager Law 2020

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