Tag Archives: American Rescue Plan

New Law Requires Reporting of Certain Transactions Involving Venmo, PayPal and Other Payment Apps by Savannah Snow, CPA

Posted on February 17, 2022 by Savannah Snow

Mobile-payment-processing apps, such as PayPal, Venmo, Cash App and Square, have made it easy for friends and family to send and receive payments as gifts or reimbursements for shared expenses. The use of these platforms has also spread to the commercial sector, where a growing number of businesses accept them as forms of payment for […]