The IRS's New Payment Processing Rule Creates More Confusion

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The Biden administration passed a new tax rule relating to payment processing apps. Many people are going to be getting these forms that say you did $700 of business on StubHub or by using Venmo or PayPal, he says. "We're going to see even more confusion as this rule takes effect next year"

Tax season is in full swing – what do you need to know about the new IRS rules and how is the tax agency using the $80 billion awarded them by the Biden Administration. In this episode we speak to Brandon Arnold, Executive Vice President of the National Taxpayer’s Union. Cynch: First tank exchange for $10! Download the Cynch app and use promo code ‘WIRE’