There are countless payment platforms known as digital wallets (apps) now. PayPal, QuickBooks, Wise, Venmo, Zelle, Stripe, ApplePay, GooglePay, and Xoom are just a few. Included should also be online sales apps like Marketplace by Facebook and OfferUp. Digital money is moved there also. All digital transactions get reported… leading up to $600.00, in fact, $600.00 has nothing to do with the whole matter.
Perhaps it is a good time to quit using them and go to the old fashion cash method which would put cashiers in a panic.
Why go to cash? Well, after the Senate passed the Inflation Reduction Act of 2022 and it was revealed that the IRS would be more than double its size… perhaps they need all those people to investigate all transactions leading up to that pesky $600.00.
