Use Venmo or PayPal? Look out for these changes
If you use a Third-Party Service Organization (TPSO) like Venmo, PayPal, or Zelle to send and receive money, there are some changes headed your way. These services are wildly popular. Venmo alone went from 23 million users in 2018 to 70 million in 2021. But TPSOs have created an income tracking problem for the IRS. […]