No, the IRS Isn't Taxing Money You Send to Family and Friends on PayPal, Venmo or Cash App
Third-party payment platforms will issue 1099-Ks for individuals who earned over $5,000 in income via payment apps last year.
![No, the IRS Isn't Taxing Money You Send to Family and
Friends on PayPal, Venmo or Cash App](https://www.cnet.com/a/img/resize/cdda0b372f285726492c0835f16604126282c0ba/hub/2023/02/14/b93b8cbf-5314-4597-acd8-a781b37301d9/cash-money-fan-100s-bluegold-grid.png?auto=webp&fit=crop&height=675&width=1200#)
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