Originally slated to take effect in 2022, this IRS reporting change will eventually have payment apps report income over $600 to the tax agency. Previously, third-party apps only sent 1099-Ks to users who received $20,000 in commercial payments across more than 200 transactions.
Originally slated to take effect in 2022, this IRS reporting change will eventually have payment apps report income over $600 to the tax agency.
report income over $600 to the tax agency.

I guess that leaves the drug dealers out...
JuCo 5 percenter...72
“Show me the man and I’ll find you the crime” ~ LAVRENTIY BERIA
"Try to get past your passionate ignorance and learn to accept what actually happened." ~ brown's unheeded words of wisdom You're retired.Fuelman » 09 Jan 2024, 9:15 am » wrote: ↑ We only take cash for payment of services. Depending on the person, a personal check on occasion.
It's just a little side hustle under the table. $9k for 2023. About half is from realtors and the other half is over 70 age group needing what not done. This is the wife's thing and get volunteered into this stuff.Cannonpointer » 09 Jan 2024, 9:40 am » wrote: ↑ You're retired.
My GOD man - services"???
Please - no!
I don't want to know!
Yet you refuse to see the absurdity and irony of the plan, when individual taxpayers must justify EVERY transaction of $600 or more, while government agencies like the Pentagon and at least 25 other government agencies refuse to provide accurate information on HUNDREDS OF BILLIONS of THEIR wasteful spending as required by the Government Accountability Office (GAO), or the TRILLIONS they can't account for with ZERO accountability to anyone! Apparently, you fools supporting this intrusion actually believe that the 80,000 new GUN CARRYING IRS AGENTS that Biden is hiring are SOLELY interested in examining the books of those evil billionaires who they constantly claim "don't pay their full share".
Zeets2 » 09 Jan 2024, 11:52 am » wrote: ↑ Yet you refuse to see the absurdity and irony of the plan, when individual taxpayers must justify EVERY transaction of $600 or more, while government agencies like the Pentagon and at least 25 other government agencies refuse to provide accurate information on HUNDREDS OF BILLIONS of THEIR wasteful spending as required by the Government Accountability Office (GAO), or the TRILLIONS they can't account for with ZERO accountability to anyone! Apparently, you fools supporting this intrusion actually believe that the 80,000 new GUN CARRYING IRS AGENTS that Biden is hiring are SOLELY interested in examining the books of those evil billionaires who they constantly claim "don't pay their full share".
Pardon me if I can't withhold my laughter in the future when every small entrepreneur in the country is forced to spend a fortune on lawyers and accountants to defend themselves against such confiscatory policies, as they certainly can be expected to raise their prices to cover those unjustified expenses.
All while you liberal fools whine about inflation!
Actually, any hint of sarcasm on your part was simply not discernable.
I hate it when that happens.Fuelman » 09 Jan 2024, 10:22 am » wrote: ↑ It's just a little side hustle under the table. $9k for 2023. About half is from realtors and the other half is over 70 age group needing what not done. This is the wife's thing and get volunteered into this stuff.
Pretty sure we conveniently forgot to keep track of the totals and add to yearly income.
Somebody has to pay for the Iraq war.PhiloBeddo » 09 Jan 2024, 11:13 am » wrote: ↑ Punish success and reward failure. That's the Dem way.
Actually, what somebody has to pay for is running away from the victory in Iraq that allowed for the creation of ISIS, and thousands were needlessly butchered by terrorist for the next several years until Trump became Commander-in-Chief.