If you use third-party payment systems to get money, be on the lookout for a tax form impacting your 2022 tax year.
Companies like Venmo, Etsy, Zelle, Cash App and MRE will send users Form 1099-K for transactions done either by electronic means or mail, Forbes reported.
The change will mostly impact businesses, according to Mashable. Originally payments of $20,000 or more had to be reported, but this figure has been lowered to $600.