Cashapp With 10k

2 days ago · event by karrin harrison on sunday, december 8 2024 The american rescue plan act of 2021 changed the minimum reporting threshold for certain transactions. The irs planned to require services like cash app for business to report. I've received about 8k through my personal cashapp account in 2023. None of this was business income, and as i mentioned my account is set up as a personal account, but i'm reading.

That's just to alert the irs of possible illegal activity such as money laundering For example, if you opt for an instant.