if you didn't already know about this:
The 1099-K reporting requirement was part of the American Rescue Plan Act of 2021 passed earlier this year by Congress and signed into law by the President. The effective date for these new changes is January 1, 2022.
Summary, if you receive $600 in total payments during the year... via PayPal and others... these companies will send you a 1099. PayPal will freeze your account unless you provide them a federal TAX ID number or your SSN.
https://www.wbrz.com/news/new-tax-ru...al-venmo-apps/