Loading ...New IRS Rule on Venmo, Cash App Payments Threatens To Sweep Up Millions of Americans
“the most feared federal agency in the country,” warned small business owners and independent contractors about the need to pay taxes on income exceeding $600.
The announcement puts millions of Americans on notice — failure to report income received through payment systems such as Venmo, PayPal or Cash App could initiate audits and fines.
Changes in IRS regulations follow the passage of the Democrat-pushed American Rescue Plan and the Biden administration’s plan to expand the IRS by adding $80 million to its budget and increasing its staff by 87,000.
https://resistthemainstream.com/new-irs-rules-could-shock-millions-of-american-taxpayers/?
To quote Nancy Reagan “Just Say No”. Don’t comply, don’t report, don’t file, don’t pay. At least until they force you to with the CBDC.