An EFT transfer would not, I believe, satisfy the third-party transaction situation that would release me from having to issue a tax document to a supplier. PayPal is a third party. So is Zelle. They issue the 1099s as needed--and they have accountants to do that for them.
It's not that I haven't issued tax documents to independent contractors before. I issued 1099s to my mother's caretakers back in the day. But to make my own very complex taxes slightly simpler, I'd rather not. My current year's tax return is fifty pages long already. It's ridiculously long because our taxing authorities have come up with an enormous amount of document bloat. A return that should be two pages can run nine pages or more just to add one figure per page that then plugs into one line on another page. And so on. It's such a Byzantine situation that reasonably intelligent people throw up their hands in defeat and have to seek tax experts--or tax software--to do their taxes for them.
