Hey, U.S freelancers, did you catch this article about tax changes effective 2022?

[ken87ken]

I want to remind you guys in the U.S about tax changes already in force and can affect you. If you make more than $600 and cash out via PayPal, one of Fiverr's payout methods, PayPal will report this income to the IRS. What does it mean for you? It means if you used not to report some of your income from Fiverr and did not pay tax on it, the IRS could be coming for you, now that they will have all this information. I am sure Payoneer, too, will be doing the same. So stay safe. Don't try to hide any income from now onwards. It would hurt to owe more taxes and penalties after the April 15 deadline to file a federal return and pay outstanding taxes.

Check the article here https://blog.fiverr.com/post/a-quick-guide-to-the-new-tax-rule-in-2022