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Navigating Venmo and CashApp for Business: Adapting to the New IRS $600 Rule

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The Internal Revenue Service (IRS) has adjusted the threshold for reporting business transactions via payment apps like Venmo and CashApp. This guide provides insights and strategies for business owners, sole proprietors, and individuals to navigate this change effectively. 

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The Internal Revenue Service (IRS) has adjusted the threshold for reporting business transactions via payment apps like Venmo and CashApp. This guide provides insights and strategies for business owners, sole proprietors, and individuals to navigate this change effectively. 

The Internal Revenue Service (IRS) has adjusted the threshold for reporting business transactions via payment apps like Venmo and CashApp. This guide provides insights and strategies for business owners, sole proprietors, and individuals to navigate this change effectively.