from Breitbart:
If you remember, just two years ago, President Joe Biden asked Congress to authorize the Internal Revenue Service (IRS) data collection on bank accounts with more than $600 in annual transactions. But banks and depositors pushed back, and the $600 figure was raised to $10,000. Everybody was happy.
But guess what didn’t change? The reporting of all digital transactions of $600 or more. That means that digital payment platforms like Zelle, PayPal, Venmo, Square Cash, and other Digital Wallets are required to report your transactions of $600 or more to the IRS.