Banks make money in many ways, including by charging fees. And according to a report from the Financial Health Network,…
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IRS rules for payment app transactions
Venmo is a convenient platform for sending, receiving, and requesting money. But if you use Venmo for certain types of…
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Why machine-to-machine payments are the new electricity for the digital age
We are moving toward an economic system in which software and devices transact with one another without human involvement. Instead…
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Do you have to pay taxes on Cash App transactions? Here’s what the IRS says.
Cash App users could see a Form 1099-K this tax season, which reports business payments to the IRS and state…
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Do banks report deposits to the IRS?
You’ve just deposited a large sum of cash or received an unusually hefty check, and now you’re wondering: Will your…
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