The IRS has delayed the $600 reporting threshold, creating a transition period. Learn what this phased implementation means for your current and future tax obligations.
Oh we’re supposed to report those? Lol. Okay Uncle Sam.
I misread the article. So I removed the irrelevant comment.
Paypal and venmo already forced forking over ss no. or ein for accounts for this purpose last year. Or they did mine, maybe it was just paypal though?
They are owned by the same company, anti trust laws are dead and the courts will prevent a resurrection but that is another subject.
The problem is Venmo amd PayPal will report them forcing you to explain what it was for.
It was a donation to send their kid to college. Works when you pay a hooker with Venmo, so why not?
Cash app and mobile banks as well.
The IRS has once again delayed the implementation of the new $600 reporting threshold for Form 1099-K, giving taxpayers more time to prepare for the changes.
The fucking clickbait title could have said that, and I would have been interested to know what the 1099-K was for.
But no, fuck you, I’ll ask some AI.
