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Is the IRS Really About to Tax Your Venmo, PayPal, and Cash App Transactions?



Media outlets have been debunking claims that there’s a new tax on cash app transactions worth $600 or more. And while it’s true that it’s not a “new” tax as some viral social media posts might claim, new IRS regulations do make it easier for the agency to tax previously undisclosed income paid through apps like Venmo…

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