What Your CPA Wants You to Know

52. Using Venmo? Tax Implications for Individuals and Businesses


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Have you heard about the new Venmo tax reporting changes? 

We've got your back in this latest episode where we dive into the implications linked to Venmo usage. We explain the differences in IRS regulations for personal and business Venmo accounts. We also discuss the game-changing 1099K form, its purpose, and the circumstances under which it is issued to businesses. 

If you've been wondering what the Venmo changes will look like for your business and your tax situation, this episode is for you!

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What Your CPA Wants You to KnowBy Carson Sands, CPA & Teran Sands, MBA.

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