new IRS $600 threshold for selling goods for transactions such as Venmo or PayPal

[buggz]

This sounds not good...

IRS warns taxpayers about new $600 threshold for third-party payment reporting

The IRS on Tuesday warned taxpayers about the new $600 threshold for receiving Form 1099-K for third-party payments. Here's why you may receive one.

www.cnbc.com

• The IRS on Tuesday warned taxpayers about the new $600 threshold for receiving Form 1099-K for third-party payments.
• The change applies to payments from third-party networks, such as Venmo or PayPal, for transactions such as part-time work, side jobs or selling goods.

 

[palmettomoon]

Link

 

[MegaFan]

Different link, similar info...

IRS warns Americans over $600 threshold to report Venmo, PayPal payments

The IRS is interested in transactions involving part-time work, side gigs, and selling goods, according to the agency.

nypost.com

 

[garypl50]

Blood suckers

 

[41mag]

Cash is king !

 

[November Sierra]

IRS can audit this dick

 

[Just1more]

Phuhkem

 

[41mag]

IRS can audit this dick

They will…. And tax it too !

 

[drc302]

That's why I closed my E bay account, they wouldn't let me list an item without giving them my ss number. Closed my paypal as well never had a Venmo.

 

[November Sierra]

They will…. And tax it too !

There ain't enough to tax