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Small businesses brace for new tax reporting rule

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Small businesses brace for new tax reporting rule

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Small businesses brace for new tax reporting rule – CBS News


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Starting next year, a new IRS rule will require anyone earning over $600 through payment apps such as Venmo and PayPal in 2023 to file a 1099-K form. Scott MacFarlane looks into how this could affect small businesses for the “Tax Time” series.

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