Uploaded June 2024 | Updated September 2026, 1 week ago
Get Ready for the New 1099-K Rules in 2024 and 2025. If you're using payment apps like PayPal, Venmo, or Cash App, you need to pay close attention! The IRS has made some major changes to the 1099-K reporting rules, and these changes could have serious implications for your tax reporting.
But don't worry, I've got you covered. In today's video, I'm going to break down the new IRS 1099-K rules and explain why Zelle, also known as Chase QuickPay, might just be the best payment app for you personally and for your business.
💡 What You'll Learn:
✅ Overview of the new IRS 1099-K rules
✅ How these changes impact users of PayPal, Venmo, and Cash App
✅ Why Zelle (Chase QuickPay) could be a better option
☕ Buy Me a Coffee: Help support the channel!
buymeacoffee.com/NoelLorenzana
Hi, I'm Noel Lorenzana, a Registered CPA based in Illinois. I created this channel to help everyday people better understand money, protect their wealth, and prepare for whatever comes next through thoughtful discussions about gold and silver, wealth management, and tax strategy.
On, this channel, I simplify taxes for your business and offer tax tips for you! Let me know if there is anything you would like me to discuss. Feel free to connect with me on Social Media.
★CONNECT WITH ME ON SOCIAL MEDIA ★
Website: noellorenzanacpa.com
Facebook: web.facebook.com/noelblorenzana
LinkedIn: linkedin.com/in/noellorenzanacpa
🎥 RECOMMENDED VIDEOS 🎥
youtu.be/DiecQ7V6G30
youtu.be/gkfJM46Afmc
youtu.be/F5Ve0z_4Jgk
Thanks for watching my video on, Are You Ready for the New IRS 1099 K Rules Starting This Year?
Disclaimer: The information presented in this video is for informational and educational purposes only and should not be considered accounting, tax, legal, financial, or investment advice. Watching this video does not create a client relationship. While I strive for accuracy, I cannot guarantee that all information is complete, current, or applicable to your specific situation. Always consult with a qualified professional before making financial, tax, or investment decisions.
Affiliate Disclosure: Some links in the description may be affiliate links, which means I may earn a commission if you purchase through them at no additional cost to you. I only recommend products and services that I have personally researched, use, or believe provide genuine value to my audience.
⏱️VIDEO CHAPTERS⏱️
00:00 - Latest IRS Updates To The New 1099K Rules in 2024
01:28 - 1099-K Threshold Change: If Your Earnings Cross $5,000
01:56 - Got a 1099-K on Paypal For Personal Transactions From Friends or Family?
02:28 - 1099K Update: The IRS Delays The New $600 Reporting Rule
02:57 - Is Zelle Required to Submit a 1099K to the IRS?
03:13 - Why Zelle (Chase QuickPay) is the Best Payment App
04:12 - How to Report 1099K Transactions On Your Tax Return
Replay Video Link: youtu.be/vcQoBznsVjY
#1099k #irs #irsupdate
Get Ready for the New 1099-K Rules in 2024 and 2025. If you're using payment apps like PayPal, Venmo, or Cash App, you need to pay close attention! The IRS has made some major changes to the 1099-K reporting rules, and these changes could have serious implications for your tax reporting.
But don't worry, I've got you covered. In today's video, I'm going to break down the new IRS 1099-K rules and explain why Zelle, also known as Chase QuickPay, might just be the best payment app for you personally and for your business.
💡 What You'll Learn:
✅ Overview of the new IRS 1099-K rules
✅ How these changes impact users of PayPal, Venmo, and Cash App
✅ Why Zelle (Chase QuickPay) could be a better option
☕ Buy Me a Coffee: Help support the channel!
buymeacoffee.com/NoelLorenzana
Hi, I'm Noel Lorenzana, a Registered CPA based in Illinois. I created this channel to help everyday people better understand money, protect their wealth, and prepare for whatever comes next through thoughtful discussions about gold and silver, wealth management, and tax strategy.
On, this channel, I simplify taxes for your business and offer tax tips for you! Let me know if there is anything you would like me to discuss. Feel free to connect with me on Social Media.
★CONNECT WITH ME ON SOCIAL MEDIA ★
Website: noellorenzanacpa.com
Facebook: web.facebook.com/noelblorenzana
LinkedIn: linkedin.com/in/noellorenzanacpa
🎥 RECOMMENDED VIDEOS 🎥
youtu.be/DiecQ7V6G30
youtu.be/gkfJM46Afmc
youtu.be/F5Ve0z_4Jgk
Thanks for watching my video on, Are You Ready for the New IRS 1099 K Rules Starting This Year?
Disclaimer: The information presented in this video is for informational and educational purposes only and should not be considered accounting, tax, legal, financial, or investment advice. Watching this video does not create a client relationship. While I strive for accuracy, I cannot guarantee that all information is complete, current, or applicable to your specific situation. Always consult with a qualified professional before making financial, tax, or investment decisions.
Affiliate Disclosure: Some links in the description may be affiliate links, which means I may earn a commission if you purchase through them at no additional cost to you. I only recommend products and services that I have personally researched, use, or believe provide genuine value to my audience.
⏱️VIDEO CHAPTERS⏱️
00:00 - Latest IRS Updates To The New 1099K Rules in 2024
01:28 - 1099-K Threshold Change: If Your Earnings Cross $5,000
01:56 - Got a 1099-K on Paypal For Personal Transactions From Friends or Family?
02:28 - 1099K Update: The IRS Delays The New $600 Reporting Rule
02:57 - Is Zelle Required to Submit a 1099K to the IRS?
03:13 - Why Zelle (Chase QuickPay) is the Best Payment App
04:12 - How to Report 1099K Transactions On Your Tax Return
Replay Video Link: youtu.be/vcQoBznsVjY
#1099k #irs #irsupdate
