- Joined
- Nov 11, 2018
- Messages
- 8,439
- Reaction score
- 12,176
I earn some cash every year and its(way) more than $600. I dont report it, they dont report it. Everyone is happy with this setup.
Your president isn'tI earn some cash every year and its(way) more than $600. I dont report it, they dont report it. Everyone is happy with this setup.
Your president isn't
I totally agree with you, but fear things are changing. Sorry about the "your". He's not my president either.my president, your president... i dont give $#!t. Everyone involved in the transaction is happy, otherwise ive got a chainsaw and a shovel...
btw, leave off the politics
Current word from my tax guy is all incoming transaction exceeding $600 may trigger a 1099K in Jan 2023.
Effective 2/1/2022. Not 600 on one transaction but 600 and up in total. Once you are over 600 in incoming revenue these third party facilitators will issue a 1099K. PayPal sent me an email wanting a tax ID number/SS number. I told them it wasn't going to happen. They told me that in the near future my ability to receive money would be discontinued w/o a tax ID#. Auction/sales sites/PayPal/Venmo, ect. Everybody will have to be careful how they sell their stuff. I'm back to money orders and face to face cash.
Some major corporations pay nothing in taxes but I'm going to have to pay taxes on my used lawn mower I sell through Ebay.
Guess more than $600 and your a business? Ebay is warning that over $600 they will have to have your SS# for reporting.
PLEASE
I stepped away because I had a bad experience with someone claiming I did them wrong, I didn't know all this was here so I'd just like to come back and defend my name here y'all. There's a reason my account was reinstated on the other site and never banned here. I didn't scam anyone, it was a very unfortunate situation but it was worked out. God Bless America!Uh best take a look at this:
https://www.muzzleloadingforum.com/threads/beware-mountain-tabbed-charlie.143118/
If true makes you very leery.
I stepped away because I had a bad experience with someone claiming I did them wrong, I didn't know all this was here so I'd just like to come back and defend my name here y'all. There's a reason my account was reinstated on the other site and never banned here. I didn't scam anyone, it was a very unfortunate situation but it was worked out. God Bless AmericaRetiredusn…. Funny , Glance at other site
Enter your email address to join: