VIDEO: Click here to watch on YouTube.
Senior Tax Accountant, Ierma Clark, shares the latest tax updates on payment apps like Venmo, Zelle, and Paypal.
Join us as Communications Specialist, Kaylee Kriese, travels around the office in search of quick answers and helpful information from our advisory, business, and tax teams. In this video, Ierma Clark, Senior Tax Accountant, will share the latest tax updates to payment apps like Venmo, Zelle, and Paypal that may affect your return.
*NOTE: These updates mainly apply to those who are self-employed and receive regular business payments through these apps. Payments you received from family and friends should not be reported on a 1099-K. If paying personal expenses through these apps, make sure to list these as non-business payments in the description.
Want to learn more about these updates? Check out our blog with more info on 1099-K reporting. (Click here for more info.) Or want to learn more about our Tax Services? Click here to check out our Tax Planning & Preparation page. (Click here for more info.)
And as always, if you have any other questions, please contact us. (Click here for contact information.)
Presented by Ierma Clark, CPA – Senior Tax Accountant
Learn more about Ierma and the rest of the Storen Financial team here.