IRS delays new tax-reporting rule on Venmo, PayPal payments over $600 - The Great Awakening - Where We Go Qne, We Go All!

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IRS delays new tax-reporting rule on Venmo, PayPal payments over $600 (www.foxbusiness.com)

posted 1 year ago by mitmont123 1 year ago by mitmont123 +55 / -0

IRS delays new tax-reporting rule on Venmo, PayPal payments over $600

A controversial new tax-reporting policy involving payments over $600 on e-commerce platforms like eBay and Etsy will be delayed by one year, the IRS said.

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– Donny_Fiasco 0 points 1 year ago +1 / -1

You always were "required" to fill out a 1099 even if you were under the original threshold, though admittedly nobody really did.

I had to do it just last year for sales of less than $2000.

But the main point that we can all agree on is that's it's just another bullshit tax.

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– deleted 1 point 1 year ago +2 / -1

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