What to Know About the New 1099-K | Venmo & Cash App Users

The new 1099-K rule requires payment processors, like Venmo, Cash App, or PayPal, to report gross payments over $600 to the IRS. Here is what you need to know!

Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment!

Want to speak with a Certified Financial Planner™? Visit https://www.korhorn.com/ or call 574-247-5898.

Find more information about the Wise Money Show™ at https://www.korhorn.com/wise-money-show

LINKS: https://www.irs.gov/newsroom/get-ready-now-to-file-your-2022-federal-income-tax-return
https://www.irs.gov/businesses/understanding-your-form-1099-k
https://help.venmo.com/hc/en-us/articles/4407389460499-2022-Tax-FAQ

Be sure to stay up to date by following us!
Facebook - https://www.facebook.com/WiseMoneyShow ​
Instagram - https://www.instagram.com/wisemoneyshow/ 
Twitter - https://twitter.com/WiseMoneyShow ​

Want more Wise Money™?
Read our blog! https://www.korhorn.com/wise-money-blog ​
Listen on Podcast: https://link.chtbl.com/WiseMoney ​
Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShow

Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.