Did a suspicious email land in your inbox, promising settlement money at Venmo or Zelle? The message goes like this: “This payment represents your share of the California v. Vitol Settlement.

Fintech companies such as Venmo, PayPal, Zelle and Stripe make the process swift and safe through their mobile apps. Be aware that you will often need to pay income tax on your earnings.

If you use third-party payment platforms, like PayPal, Venmo or Cash App ... earnings were already taxable so this is not a change in tax law, but rather just a reporting change.