Short answer: Yes—business payments on Cash App can be reported to the IRS
If you use Cash App to accept payments for loads, detention, lumpers, or other business services, those transactions may be reported to the IRS on Form 1099‑K. As of December 2025, the federal reporting rule has returned to the long‑standing standard: a platform issues a 1099‑K when a payee has both more than $20,000 in gross payments and more than 200 transactions in a calendar year. Regardless of whether you receive a 1099‑K, all business income is taxable and must be reported.
What changed—and why you may remember “$600” or “$5,000”
Congress originally lowered the 1099‑K threshold to $600 in the American Rescue Plan, but the IRS delayed that change multiple times to reduce confusion. For tax year 2024 only, the agency used a transitional $5,000 threshold. In 2025, policy shifted again and the $20,000/200‑transaction rule was restored. The IRS and the Taxpayer Advocate now reflect this higher threshold, but you must still report all taxable income even if you don’t meet it.
Cash App specifics: business vs. personal accounts
Cash App issues 1099‑Ks for business accounts—not for purely personal/friends‑and‑family activity. If you have a Cash App for Business account and exceeded the 2024 transition threshold, you should have received a 1099‑K by January 31, 2025. Going forward, Cash App indicates that 1099‑K reporting follows federal rules and any applicable state thresholds (some states require reporting at lower amounts). Cash App also notes it cannot provide tax advice; consult a tax pro for your situation.
What counts as reportable income?
- Payments for hauling, brokerage, detention, layover, lumper fees, accessorials, or other services you provide are taxable business income. Report them even if you don’t receive a 1099‑K.
- Personal transfers (splitting a meal, gifts between family, reimbursing a buddy for fuel) are not supposed to be on a 1099‑K. If they’re misclassified, ask the platform for a correction.
Practical tips for trucking businesses
- Separate accounts: Use a dedicated business Cash App (or other platform) for customer payments; keep personal transfers in a personal account to avoid misclassification and messy records.
- Turn on “goods and services” only for true business receipts: If a shipper/3PL pays you, it belongs in your business account; if a co‑driver reimburses you for lunch, mark it personal.
- Reconcile monthly: Export Cash App transaction summaries and match them to invoices, settlement statements, and your bookkeeping. Keep notes for refunds, chargebacks, and adjustments so your Schedule C (or business return) reflects net income, not gross deposits.
- Watch state rules: A few states require 1099‑Ks at lower thresholds than federal. Check your domicile and where you operate.
- Mind the calendar: Platforms must furnish 1099‑Ks by January 31. Verify totals early so discrepancies don’t derail your filing.
Scam and misinformation alert
A widely circulated PDF titled “Does Cash App Report Transactions to the IRS?” appears online at a temporary library link that was unavailable when reviewed. Regardless, treat unsolicited phone numbers and unofficial “support” PDFs with caution—contact Cash App through the app or its published channels only. The core takeaway is accurate: Cash App doesn’t give individualized tax advice, and you should rely on IRS guidance or a qualified preparer. ([]())
Bottom line for owner‑operators and fleets
For 2025, Cash App and similar platforms report business receipts to the IRS when both $20,000 in payments and 200 transactions are met on that platform. But taxability doesn’t depend on forms—if it’s business income, you must report it. Keep business and personal transfers separate, label transactions correctly, and reconcile records so your return reflects your true profit after expenses like fuel, maintenance, insurance, and depreciation. That discipline will help you avoid surprises at tax time and keep your operation compliant.
Sources Consulted: IRS (Understanding Your Form 1099‑K; Taxpayer Advocate Service); Cash App Help Center; EY Tax News.
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This article was prepared exclusively for truckstopinsider.com. For professional tax advice, consult a qualified professional.
