NEW IRS TAX FOR VENMO AND PAYPAL USERS – PLEASE WATCH AND SHARE THIS! Thank you! Feel free to add me on Instagram: GPStephan
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Ah the loop holes I love it!
Not quite a loophole though!
Thank you for the clarification.
In venmo, can the receiver see which method it was sent?
E
EEE (leaving the EE for graham !)
First!
Love this!!! Thanks for the bit of info!
Nice, taxation is theft
Graham, I’m curious, what’s the percentage of people that watch your shorts subscribed? Like is it to diversify your audience or more the content.
I really like these though ! 🙂
It’s an entirely new audience for the most part!
@Graham Stephan that’s great!
I’m going to venmo Graham as a good and service just to make his taxes harder
I’ll need to make sure to code my $15 to Adam Eget the right way!
This guys such a quack (sometimes)
@Graham Stephan Sorry bro some of your stock advice did not do me to great fucked me in the long run just my experience I trusted you bro🤕
I may not be first but at least I’m early!
“Good thing I’m not a butt hole. I’m just a pore in the skin.”-Socrates probably
Lmao wtf?? the probably just makes it even better tbh lol
@JosLu 80Eight I’m fake quoting.😜
What if I receive rent via Venmo?
You are declaring rental income on your Tax return right?
@John Walker yeah, you just answered my question, by asking that question 🙂
Graham, have you ever considered hosting an annual Finance conference in Vegas?
Despite the economic downturn I’m so happy🥰. I have been earning $60,000
returns from my $7,000 investment every 7days.
How to become Millionaire ? Have billion dollars and a wife .
Taxation is theft
Botta put the other option so they pay taxes and ask for the money back ez
Graham, first off, I love your channel. Your always out to help your viewers in a non-bias way. I really appreciate that. I was just wondering how it is you do your research? You’ve predicted the amc squeeze and provided many insights throughout your videos. Do you have a set of principles you follow to successfully make informed decisions?
Hi! I’m a butt hole.
The government needs to tax you to give it to Afghanistan women for gender studies or buy more military equipment to leave it to the Taliban. Or other BS, I wouldn’t even report it TBH.
It is so stupid. They’re just getting more and more power and control over the people.
or starting wars between Ukraine and Russia
In Germany this has always been there
Where can I get this lobster mac n cheese?
Thank you! Geezuz! People have been promoting so much misinformation on this issue.
The IRS should be disbanded.
Dude thanks for clarifying this for me
what happened to the surprise mystery box from mr beast?
Check out the end of the most recent vlog!
Is anyone else on here self employed but always feels broke bc they don’t know where the next deal will come from even though they have a couple mil in the bank?
Cash is king… get ready for riots from the peasants. It’s coming 😉
Gotta remember the bank reporting for $600 that got changed to 10k total transactions might sneak back into the Build Back Better legislation or some other spending bill
I’m liking the informative shorts. And no ,I’m not paying taxes for paying someone back lol 😎
what if foreigners sell on ebay, do they get exempted? because that is all i see.
The more bills with useless crap go thru the more the government needs everyone else’s money. People need to get it thru their heads that everyone is going to get taxed. Not just the “rich”.
Ugh who else hates taxes!?
I receive rent via VENMO and already report it at the end of the year
I highly doubt most people use PayPal to split a tab at dinner. Everyone uses it to buy/sell shat on the internet. This new rule is stupid.
In regards to cash app, how would this apply? There is no option to select if a transaction is related to “friends and family” so how would the IRS know if a transaction was business related?
Both Cash app and Zelle are both setup for non business use and are supposed to be excluded unless the accounts were originally setup as business accounts you should be OK, however the burden of proof falls on you against the IRS should any or all companies decide to report personal transactions that meet some arbitrary threshold in the future. 12 months from now will potentially be one of the greatest cluster f***’s in reporting to the IRS
What if I sell drugs?
You have to report it, no seriously, there is a tax code that requires you to report criminal money.
Does anyone know if this applies to zelle as well? or is it just venmo and paypal users?
Yes. It applies to ALL digital money services.
ahhh yes the brandon regime
Boycott PayPal and now use Craigslist … I’m done
More taxes from people elected to reduce poverty will surely reduce poverty.
Democrats rather tax your Venmo than big tech executives
Not either party’s decision. Miscellaneous income of $600 or more has always been taxable.
ELON!! 🚀🚀🌕🌕
Time to go back to good old cash.
?
Not sure why anyone would check the tax me box.
What’s to stop people from clicking no
Why can’t the IRS can just take some of the cash from Powell’s money printer so we don’t have to pay BS taxes 🤷
What about Zelle? It doesn’t give you that option when sending money
*Boulder, CO Housing Prices Crater 24% YOY As Denver Vacancy Rate Soars On Skyrocketing Mortgage Defaults*
Wonderful and great content. I enjoyed watching , thanks for sharing it !!!!
now offering a discount to clients that agree to pay with friends and family. as long as its less than 35 percent its still cheaper than the IRS
Hmmm good idea just put friends and family every time then
Yooo I got an ad
Finally, I can purchase an escort with confidence!
Graham what about ebay and amazon? I am just a kid and this stuff has me stressing.
Thank God Brandon and Company are cracking down on people making an extra $1.64 a day during the year.
F.J.B !!!
I tried this i dont see the option of picking at all.
Nice
Why are you doing shorts? I heard YouTube was pressuring creators to do more shorts. Is that true?
My honest opinion on this news, Uncle Sam is there to rob us all.. SMH at these new tax laws.. I was reading about this about a year ago and seeing it now unfold, back to cash transactions for me …
Thank you Brandon.
I never get your shorts in my subscriptions
Luckily I find them in the recommended
Billionaires are getting out of paying their fair share, but sure, IRS — go after people’s side-hustle money.
*Westlake Village, CA Housing Prices Crater 19% YOY As Los Angeles Housing Market Swirls The Bowl*
Can you make a video on shib inu? Please Graham?
It’s doing well but why and how is it super popular again? Stuff like that ig? Even if it’s a short
He’s made a video on it already!
What happens when I am just selling junk I have around the house?
Hi, VSauce Graham here!
SUP
@Graham Stephan thanks for all the information and tips Graham!
The next is leaving this country.
Once you go above $600 you are opening yourself up to be audited. The IRS can make you prove that they weren’t purchases. I for one am going back to cash.
Everytime i go out with friends they never carry cash. Its a struggle lol
Why paypall not work in *Pakistan ?*
Vsauce Music
Ok thank god.
Thanks for the great information, Graham!
Guess what !? We’re not paying the IRS 💩 ! Burn in hell ! 😂🔥 Real men don’t pay taxes to tyrannical governments !
This is something you have to worry about if you get audited.
Too much government stealing, I’m gonna have to only accept payments in dogecoin
that reporting act failed and it’s been pushed back, this spy law is unconstitional and banks wanted to put huge fees on these transactions. plus other factors that it red flags account puting a strain on transfers. it was crappy idea and still is.
Gonna have to unsubscribe. Didnt realize you’re only relevant to U.S based people.
Boooo
Let’s go Brandon!
Let’s go Brandon
What if I use it to donate to online Church?