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Articles for Paypal, search results for tax

How freelancers can prepare for changing tax requirements
9 months ago

How freelancers can prepare for changing tax requirements

Associated Press  

NEW YORK — Workers across different industries are increasingly receiving some or all of their income via apps. If you’re a freelancer or gig worker who receives payments via apps like Venmo, Zelle, Cash App or PayPal, your tax reporting requirements will change for the 2024 tax year. For the current tax year, freelancers and small business owners still only …

Change Tax Income Form Irs Paypal Reporting
IT Dept raids UP YouTuber Taslim Khan, who earns Rs 1 cr annually from videos
1 year, 5 months ago

IT Dept raids UP YouTuber Taslim Khan, who earns Rs 1 cr annually from videos

Op India  

On 15th July, Income Tax Department raided the house of a YouTuber identified as Mohammed Tasleem Khan based on the information provided by Bareilly Police. As per reports, police got an anonymous tip that Tasleem Khan, s/o Mauzam Khan, was earning lakhs using illicit means. During questioning, Taslim informed police that he runs a YouTube channel called ‘Trading Hub 3.0’ …

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Freelancers can prepare now for new 2023 tax reporting
1 year, 8 months ago

Freelancers can prepare now for new 2023 tax reporting

Associated Press  

NEW YORK — Taxpayers who have filed their 2022 taxes by Tuesday’s deadline may be sighing with relief. If you’re a freelancer or gig worker who receives payments via apps like Venmo, Zelle, Cash App or PayPal, your tax reporting requirements will change for the 2023 tax year. Right now, freelancers and small merchants already owe taxes on that income …

Income Platforms Form Irs Paypal Reporting Forms
Getting paid on Venmo or Cash App? There’s a tax for that
2 years, 10 months ago

Getting paid on Venmo or Cash App? There’s a tax for that

LA Times  

The Internal Revenue Service is starting to collect information this year from online payment apps about more people earning money there. If you’re a U.S. citizen making money from the sale of goods or services, the IRS considers it taxable income regardless of how or where you’re paid. That’s because payment apps, online marketplaces and gig economy companies such as …

Personal Tax Money Sale Income Personal Items Goods
A new House bill would blow up the massive IRAs of the superwealthy
3 years, 3 months ago

A new House bill would blow up the massive IRAs of the superwealthy

Raw Story  

Legislation currently making its way through Congress would take a sledgehammer to the massive individual retirement accounts built up tax-free by a select group of the ultrawealthy. Those accounts — Thiel's alone was worth $5 billion in 2019 — have allowed some super-wealthy Americans to turn their Roth IRAs, tools meant to incentivize middle-class retirement saving, into supersized tax shelters. …

Retirement Tax Taxes Trump Proposal Income Musk