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in todays video Im going to update you on the 600 IRS rule I want to clarify the situation because this is going to affect your tax return that youre going to do very soon but I want you to know so keep this in the back of your minds that Congress both Republicans and Democrats are trying to make last minute changes to this youre trying to do this in December so Im going to explain the current rule what you need to watch out for and then Im going to explain what the politicians are trying to modify Im going to give you the facts but Im also going to give you some of my opinion because I have a tax background Im a CPA so to bring it up to speed theres a new 600 reporting requirements if you receive a payment of 600 or more from a third-party payment processor so were talking about venmo PayPal Etc and it was for part-time work a side job or selling some Goods then you will receive this tax form in January its called the 1099-k if you get this whether its expected or not ple
