August 2022
The Truth About Getting Taxed on Zelle and Venmo   As of January 1, 2022, mobile payment apps like Zelle and Venmo are required to report “commercial transactions” totaling more than $600.00 per year to the Internal Revenue Service. However, the Internal Revenue Service will not be taxing transactions between family or friends, which is...
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The Dangers of Do it Yourself The Dangers of Do it Yourself Aretha Franklin’s long-standing $7.8 million debt to the Internal Revenue Service has finally been paid in full. The Internal Revenue Service filed a claim against the singer for unpaid taxes after her death, but have now struck a deal. However, the battle between...
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