{"id":4895,"date":"2022-02-27T11:37:34","date_gmt":"2022-02-27T10:37:34","guid":{"rendered":"http:\/\/costops.com\/index.php\/2022\/02\/27\/beware-new-irs-rules-will-lead-a-wave-of-phishing-frauds-gene-marks\/"},"modified":"2022-02-27T11:37:34","modified_gmt":"2022-02-27T10:37:34","slug":"beware-new-irs-rules-will-lead-a-wave-of-phishing-frauds-gene-marks","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/02\/27\/beware-new-irs-rules-will-lead-a-wave-of-phishing-frauds-gene-marks\/","title":{"rendered":"Beware: new IRS rules will lead a wave of phishing frauds | Gene Marks"},"content":{"rendered":"<p>Services like PayPal and Square now need your tax information. Scammers are going to be on the prowl to get it too <\/p>\n<p>Thanks to new legislation that went into place at the beginning of this year, I predict that a lot of unsuspecting small business owners are about to fall victim to a fresh scam.<\/p>\n<p>The scam will relate to legislation around new tax reporting rules that will affect millions of freelancers and small businesses. As I <a href=\"https:\/\/www.theguardian.com\/business\/2022\/jan\/02\/new-tax-rule-paypal-venmo-cash-app\">explained in an earlier column<\/a>, beginning for the 2022 tax year, if you receive more than $600 in total payments during the course of the year from a payment service like PayPal, Venmo (which is owned by PayPal), Square, Stripe or online sales of your products made through Amazon, Etsy and other marketplaces \u2013 regardless of how many customers are paying \u2013 that payment service is required to report that amount to the IRS and to you by sending a Form 1099-K \u2013 used for reporting payments via these third parties \u2013 in early 2023.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/money\/2022\/feb\/27\/beware-phising-fraud-new-irs-rules-online-payment-service-receipts\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/6ea18000def5307701747c9991197d5dc4f95259\/0_183_5491_3295\/master\/5491.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=b417976a8fd84713cd9fa78f0307d1cc\" title=\"Beware: new IRS rules will lead a wave of phishing frauds | Gene Marks\" \/>Services like PayPal and Square now need your tax information. Scammers are going to be on the prowl to get it too<br \/>\nThanks to new legislation that went into place at the beginning of this year, I predict that a lot of unsuspecting small business owners are about to fall victim to a fresh scam.<br \/>\nThe scam will relate to legislation around new tax reporting rules that will affect millions of freelancers and small businesses. As I explained in an earlier column, beginning for the 2022 tax year, if you receive more than $600 in total payments during the course of the year from a payment service like PayPal, Venmo (which is owned by PayPal), Square, Stripe or online sales of your products made through Amazon, Etsy and other marketplaces \u2013 regardless of how many customers are paying \u2013 that payment service is required to report that amount to the IRS and to you by sending a Form 1099-K \u2013 used for reporting payments via these third parties \u2013 in early 2023. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Services like PayPal and Square now need your tax information. Scammers are going to be on the prowl to get it too Thanks to new legislation that went into place at the beginning of this year, I predict that a lot of unsuspecting small business owners are about to fall victim to a fresh scam. &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2022\/02\/27\/beware-new-irs-rules-will-lead-a-wave-of-phishing-frauds-gene-marks\/\"> <span class=\"screen-reader-text\">Beware: new IRS rules will lead a wave of phishing frauds | Gene Marks<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":4896,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/4895"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=4895"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/4895\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/4896"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=4895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=4895"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=4895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}