CAREFUL when using payment apps started in Jan. 22

Anyone who uses any payment apps to receive money be CAREFUL. Starting in January the payment apps will be required to issue a 1099 to you for anything over $600 and you won’t know until 2023 tax reporting. This would include simple things like selling stuff at a yard sale and using a payment app or maybe a side craft business etc. I suspect the banks will do this also. So much for going after the rich! I can’t believe anyone fell for that crap since they are ALL in the same club and you ain’t one of them. I would say exchange in cash but Brandon’s plan to eliminate paper currency will change that very soon.

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h/t TruthSeeker0511


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