May 22, 2022
10:06:50am
10:06:50am
Do your thing. I have zero concerns with audit risk involving 1099s issued for personal funds exchanges. Audit away.
I do have concerns about audit risk involving legitimate business transactions whether over $600 or not. So it doesn't affect me.
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- BigRodThunder
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- BYU-Provo
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- mulletino
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- Feb 21, 2002
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- Mar 21, 2024
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Right but every single American is still required to issue a 1099 to anyone they pay $600 or more to for business
5/22/22 9:54am
5/22/22 9:58am
I like it but Venmo is superior as you can send funds from unlimited banking institutions. Zelle is tied to one bank.
5/22/22 9:41am