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Get your taxes done using TurboTax
@fanfare wrote:If some other app is not complying, they might be getting a clarifying call from IRS.
Except Cash App allows users to bifurcate business accounts and personal accounts. Although the latter have a per-month dollar cap ($1,000, I believe), it is really anyone's guess as to whether or not the IRS will accept the company's decision to not issue a1099-K to personal accounts despite exceeding the $600 threshold.
‎December 14, 2022
11:38 AM