Zelle Reporting To Irs Effective 2025. It’s important to note that the irs has always expected individuals to report all taxable income, which includes money you make from selling goods and. The law mandating certain payment networks to furnish 1099k forms for.

Firstbank’s digital payment service, zelle, works differently. Changes to the tax reporting law become effective january 1, 2023 for transactions paid in 2022 that exceed $600.