Ref: IR-2022-226: December 23, 2022

One year delay for third party settlement organizations such as PayPal, Venmo, Cash App, etc to report payments on business transactions of $600 or more per year.

We’re back to the old rules: Form 1099-K will be issued for aggregate amount of $20,000 or more than 200 transactions.

TAKE AWAY: DON’T make personal transfers to/from a business PayPal, Venmo or similar third party settlement account.