I think a lot of taxpayers are going to be shocked that part of the American Rescue Plan was, over the course of a year if you do $600 in Venmo transactions, you're now going to have to report that to the IRS.
James Lankford: “I think a lot of taxpayers are going to be shocked that part of the American Rescue Plan was, over the course of a year…”
Editor's note · Context
Lankford discusses the shocking implications of new IRS reporting requirements.
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