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US Sellers : Income reporting changes for 2022
Just a heads up, right now Paypal, Stripe, etc reports to the IRS once you reach $20.000 and 200 transactions in a year.
Staring in 2022, the threshold will just be $600. It will not change your life if you are already reporting your sales on your income tax, but if you are selling more than $600 a year and not reporting it, you will have to change your ways.
Staring in 2022, the threshold will just be $600. It will not change your life if you are already reporting your sales on your income tax, but if you are selling more than $600 a year and not reporting it, you will have to change your ways.
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