Big B

MrTop

EOG Master
As of Jan. 1, mobile payment apps like Venmo, PayPal, Zelle and Cash App are required to report commercial transactions totaling more than $600 per year to the Internal Revenue Service
 

MrTop

EOG Master
Why $600?

So arbitrary, it seems.




first, they make a move with these outside paying services like paypal / venmo etc, then down the road they make it $600 on our bank checking/savings account. Funny is zelle is chase bank. So they already got a foot in the door if you use Zelle. The fed guy powell today talked a little about digital dollars. That will come down the road too.
 
Top