IRS Warns US Taxpayers to Report Transactions of at Least $600 From 3rd Party Networks

More taxes from the poorer folks for globalist and their climate change

The Internal Revenue Service (IRS) is warning American taxpayers that they need to report any transactions that use “third-party” facilitators like Venmo, PayPal, Zelle, and Cash App that are at least $600 in value.

When Congress passed the American Rescue Plan Act of 2021, it included a provision that reduced the reporting threshold to a single transaction over $600.
The proposal was offered as a way to help pay for a $3.5 trillion social spending bill that would invest in climate programs, child care and education.

https://www.thegatewaypundit.com/2022/11/irs-warns-american-taxpayers-report-transactions-least-600-venmo-paypal-third-party-networks/