What’s Next for Cash App, Venmo Users and IRS Reporting Rules

Nov. 22, 2023, 3:33 PM UTC

A recent delay in what e-commerce companies like eBay Inc. and Venmo must report to the IRS doesn’t change what millions of Americans must pay taxes on.

Taxpayers who use e-commerce platforms like PayPal, Cash App, and Etsy were set to receive a 1099-K tax form—some for the first time—early next year for their business transactions on the platforms. But now, many of them won’t receive the form until the 2026 filing season.

The IRS will phase in the requirement for e-commerce platforms to send a copy of the 1099-K information return to taxpayers who have over $600 in ...

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