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I want to warn you about this Iamp;#39;m talking about the new $600 IRS rule itamp;#39;s being implemented this year in 2023 up to 40 million Americans are going to be impacted but most people they just donamp;#39;t know it yet the tax documents theyamp;#39;re going to be sent out in January so weamp;#39;re talking about 4 months from now and itamp;#39;s going to catch a lot of people by surprise so as a refresher if youamp;#39;ve been using PayPal cash app or mod youamp;#39;re going to want to make sure that you understand the situation if you receive $600 or more of qualifying transactions through a thirdparty payment processor such as the ones that I just told you then the IRS will get involved youamp;#39;re going to receive a tax document itamp;#39;s called a 1099 K so okay so hereamp;#39;s what changed it used to be a $20,000 threshold but now they dropped it down to a $600 threshold so first letamp;#39;s do this letamp;#39;s clarify this Iamp;#39;ll give you an exam
