Is it Income – If My Teammate Pays Me Back for Dinner?

As part of the American Recuse Plan Act that was signed into law on March 11, 2021, changes were implemented that effects how third-party transaction companies, such as PayPal, Stripe, Venmo, and Square, must report earnings by user starting with the 2022 tax season. The change in the law lowered the threshold for issuing a […]