But the second you start accepting business income on Venmo, that money will need to be reported. The intent of Form 1099-K ...

One of the simplest ways to avoid issues with Venmo tax reporting is to categorize your transactions correctly. Venmo offers two key labels: “Goods and Services” and “Send to a Friend.” These labels ...

When Rachel Damuth held a yard sale this year, she was surprised by how many people wanted to pay electronically. Fortunately, the Redford, Michigan, resident had a Venmo account. "I gave them my ...