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Fuck... They are gonna shred every small business to peices.
somebody has to pay for this mess.
https://i.postimg.cc/P5rdTv8w/consent-contract.jpg
IRS: Hey, so, could you, like, snitch on yourself? It's, like, the American thing to do.
This Tweet conveys my sentiment as well:
Squeezing the gig economy to pay for the rentier economy.https://nypost.com/2022/11/25/irs-warns-americans-over-600-threshold-to-report-venmo-paypal-payments
https://twitter.com/johnrobb/status/1596532472178966528 [Nitter]
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-Khttps://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#35329https://www.bloomberg.com/news/articles/2022-06-08/ebay-sellers-face-1099-k-tax-headache-under-new-irs-rule Archive
Time to tax all those only fans
**UPDATE**
Will not apply for activity prior to January 1st, 2023.
IRS delays the $600 reporting threshold change for 1099-K from payment platforms#111046https://www.irs.gov/newsroom/irs-announces-delay-for-implementation-of-600-reporting-threshold-for-third-party-payment-platforms-forms-1099-k
Fuck... They are gonna shred every small business to peices.
somebody has to pay for this mess.
https://i.postimg.cc/P5rdTv8w/consent-contract.jpg
IRS: Hey, so, could you, like, snitch on yourself? It's, like, the American thing to do.
This Tweet conveys my sentiment as well:
https://twitter.com/johnrobb/status/1596532472178966528 [Nitter]
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
Time to tax all those only fans
**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