The Internal Revenue Service finalized a rule that would codify changes to backup withholding for payment platforms such as Venmo and PayPal to reflect last year's budget law's changes to a provision that required those platforms to report aggregate payments of $20,000 or more.
By Asha Glover · August 7, 2026, 5:59 PM EDT
The Internal Revenue Service finalized a rule that would codify changes to backup withholding for payment platforms such as Venmo and PayPal to reflect last year's budget law's changes to a...
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