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IRS delaying $600 payment reporting rule for PayPal, Venmo and more — again

CBS News
Summary
Nutrition label

85% Informative

Th IRS RS d Tuesday mplementation of a 2021 law that requires payment p 2021 orms to send tax forms called 1099-Ks to anyo Venmo o Paypal ed more than $600 in the current tax year.

It's the second consecut more than $600 RS h the current tax year the new the second consecutive year spar IRS significant pushback from online selling platforms such as eBa last yearuntil 2023 lass= Tuesday yFeed_ IRS hLightText__NxlGi">the Associated Press year 2023 Danny Werfel IRSmillions n class="summaryFe the current tax year lGi">1099 eBay IRS Text__NxlGi">one IRS an class="summaryFeed_h tax year 2024 _NxlGi">IRS 600 to $5,000 ">Republican 2021 L American __NxlGi">Etsy apps ay Venmo c Cash App mmaryFeed_highLightText__NxlGi">Pushback 600 ="su a calendar year ightText__NxlGi">200 this year eed_highLightText__NxlGi">over $20,000

VR Score

89

Informative language

90

Neutral language

67

Article tone

semi-formal

Language

English

Language complexity

49

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

2

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