There’s a New Tax Rule for U.S. Small Business Owners

January 5th, 2022 by Chris Collier

The IRS will look into the digital payment service accounts of small businesses, freelancers and independent contractors. . . . Let’s suppose you’re a small business owner or freelancer, and you get paid from a digital payment service like PayPal, Venmo, Zelle, Cash App or any third-party settlement provider that’s accepting credit cards on your behalf and putting money into your bank account.

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