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IRS Has A New $600 Tax Rule Involving PayPal Cash App Venmo
The IRS has released a new tax rule that affects payments made using PayPal Cash App Venmo. This rule requires you to report the sale of digital products (including services) for which you received a payment in whole or in part in digital currency, such as PayPal Cash App Venmo. If you're subject to this new tax rule, you may need to report and pay the $600 tax liability.
In this video, I'll explain the details of this new tax rule and how you can prepare for it. I hope this video helps you avoid any tax surprises related to PayPal Cash App Venmo
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DISCLAIMER: EVENTHOUGH I TALK ABOUT CURRENCIES, CRYPTOCURRENCIES, TOKENS, PRECIOUS METALS, AND OTHER "MARKETS". I WANT TO STATE THAT I AM NOT A FINANCIAL ADVISER. THESE VIDEOS ARE BASED UPON MY OPINION ONLY. YOU ARE RESPONSIBLE FOR YOUR OWN TRADING AND INVESTMENT ACTIVITIES
DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.
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