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126 sats \ 1 reply \ @thebtctoto 28 Nov 2022 freebie
Fuck... They are gonna shred every small business to peices.
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25 sats \ 0 replies \ @Taranis 28 Nov 2022
somebody has to pay for this mess.
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36 sats \ 0 replies \ @DarthCoin 28 Nov 2022
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26 sats \ 0 replies \ @orthzar 28 Nov 2022
IRS: Hey, so, could you, like, snitch on yourself? It's, like, the American thing to do.
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10 sats \ 0 replies \ @cryptocoin OP 28 Nov 2022
An archive of the article is here. An archive has no paywall, no subscription requirement, and can be easier to read. Same for 12ft proxy.
The explainer published by the IRS which describes the $600 threshold requirement:
Understanding Your Form 1099-K
https://www.irs.gov/businesses/understanding-your-form-1099-k [Archive]
An article from Bloomberg on this topic was, back in June, shared previously on SN:
The IRS Is Coming for Your Venmo Income
#35329
https://www.bloomberg.com/news/articles/2022-06-08/ebay-sellers-face-1099-k-tax-headache-under-new-irs-rule Archive
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10 sats \ 0 replies \ @cryptocoin OP 28 Nov 2022
This Tweet conveys my sentiment as well:
https://twitter.com/johnrobb/status/1596532472178966528 [Nitter]
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0 sats \ 0 replies \ @cryptocoin OP 23 Dec 2022
**UPDATE**
Will not apply for activity prior to January 1st, 2023.
IRS delays the $600 reporting threshold change for 1099-K from payment platforms
#111046
https://www.irs.gov/newsroom/irs-announces-delay-for-implementation-of-600-reporting-threshold-for-third-party-payment-platforms-forms-1099-k
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