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Why Payment Platforms Are Suddenly in the IRS Crosshairs
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Join our 250K+ subscribers
Subscribe12 JAN 2026 / IRS UPDATES
The U.S. Internal Revenue Service (IRS) is proposing changes to taxation rules for digital income under the One Big Beautiful Bill Act. These changes aim to improve the accuracy of taxation and better regulate third-party settlement organizations like PayPal and Airbnb, ensuring consistently applied thresholds and backup withholdings.
The 2026 tax filing season officially kicks off on January 26, and for many taxpayers, that early start means faster refunds and updated forms. Not surprisingly, refund timing is already top of mind for filers and their advisors, especially as the IR...
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