Why PayPal, Venmo, and Cash App sending 1099’s to IRS about you is really NOT a problem! (Short)

Starting in 2003, IRS is requesting PayPal, Venmo, CashApp and other private money transfer companies that individuals use to transfer money to each other, to issue an IRS Form 1099 to the IRS for anyone who received more than $600 a year through that service provider.
In this presentation you will understand why none of that is a problem for you - why you owe no income tax whenever you use PayPal, Venmo, CashApp, Zelle, et cetera, even though these entities may send a Form 1099 to the IRS about the money you received through these money transfer companies.Show more

Go ahead and use PayPal, Venmo, CashApp, and Zelle all you want – you will not owe the IRS any income tax for using such services. In this presentation, Peymon will show you how it really is no problem that PayPal, Venmo, Cash App, and Zelle are sending 1099’s to the IRS about you. Does it really matter if the IRS knows you spent $600 or more?

Peymon, who founded Freedom Law School in 1996, grew up in totalitarian Iran. In 1977, at age 14, Peymon moved to the land of the free and the home of the brave. He found out Americans are not nearly so free and brave as he thought! Peymon has taught thousands of Americans what the laws actually mean, not what the IRS or income tax preparers say they mean!

For over 26 years, Freedom Law School has helped many Americans to live free of IRS deception, robbery, and slavery. You can LIVE FREE NOW with Freedom Law School’s Lifetime Guarantee against civil and criminal lawsuits. All current students are protected with our lifetime guarantee. Take the Seven Steps to income tax freedom on the home page of our website, LiveFreeNow.org.