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Posted: 9/19/2021 11:19:01 AM EDT
[#1]
You gotta be shitting me.
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Posted: 9/19/2021 11:19:10 AM EDT
[#2]
7 proxies
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Posted: 9/19/2021 11:20:35 AM EDT
[#3]
Oh yeah I can see how this totally affects those billionaires they said they wanted to target. They got so rich only selling 19k a year.
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Posted: 9/19/2021 11:21:28 AM EDT
[#4]
FJB
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Posted: 9/19/2021 11:21:42 AM EDT
[#5]
Abolish the IRS...
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Posted: 9/19/2021 11:22:19 AM EDT
[#6]
"They" Like to bitch about all the energy being wasted by Bitcoin mining but never say anything about all the trees being murdered by IRS regulations and forms.
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Posted: 9/19/2021 11:22:52 AM EDT
[#7]
Only the rich will pay more.
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Posted: 9/19/2021 11:24:01 AM EDT
[#8]
Man fuck off.
Fuck you biden and communists. So if I sell a lawnmower for 600 bucks they expect me to either pay taxes on it or have an accountant figure out a way out of that? Piss off fags |
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Posted: 9/19/2021 11:24:56 AM EDT
[#9]
Private sales endanger the security of The State, Comrade.
TC |
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Posted: 9/19/2021 11:26:17 AM EDT
[#10]
I love bartering, it's like the dark ages, only better, but getting worse. FJB
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Posted: 9/19/2021 11:26:22 AM EDT
[#11]
So if I sell one item in the EE for $601 and accept any form of electronic payment it will be reported to the IRS, do I have that right?
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Posted: 9/19/2021 11:27:33 AM EDT
[#12]
Quote HistoryQuoted: So if I sell one item in the EE for $601 and accept any form of electronic payment it will be reported to the IRS, do I have that right? |
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Posted: 9/19/2021 11:28:31 AM EDT
[#13]
What if I'm selling my own possessions that I've already been sales taxed on after being payroll taxed on? Jfc, I now get taxed 3 times on something I buy and sell?
$600 might be a single item, ie I'm getting a new living room set and the guy wants to pay for my old stuff via Venmo. One more step toward being cashless. They want to know where every dollar you make comes from, and taxing it is just one of the perks for them. If only the tea party hadn't blown it's wad a while back. This would be relevant for their name and could gain traction. However, they would have already been classified as a terrorist group, so there is that. |
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Posted: 9/19/2021 11:29:04 AM EDT
[#14]
Quote HistoryQuoted: Man fuck off. Fuck you biden and communists. So if I sell a lawnmower for 600 bucks they expect me to either pay taxes on it or have an accountant figure out a way out of that? Piss off fags No, from what I understand it is worse. It is a total of $600 per year not per transaction. |
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Posted: 9/19/2021 11:29:12 AM EDT
[#15]
Quote HistoryQuoted: Yup Quote HistoryQuoted: Quoted: So if I sell one item in the EE for $601 and accept any form of electronic payment it will be reported to the IRS, do I have that right? USPS money orders should be GTG though, right? |
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Posted: 9/19/2021 11:29:21 AM EDT
[#16]
Quote HistoryQuoted: So if I sell one item in the EE for $601 and accept any form of electronic payment it will be reported to the IRS, do I have that right? FIRS, I guess all transactions are now gifts. |
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Posted: 9/19/2021 11:29:23 AM EDT
[#17]
First it was to stop the evil terrists under the Unpatriotic Act.
Then it was to stop all the wealthy tax cheats. Then it was to monitor all your transactions |
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Posted: 9/19/2021 11:30:29 AM EDT
[#18]
Most of my tenants pay via Venmo or Zelle, does this mean I have extra paperwork?
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Posted: 9/19/2021 11:30:30 AM EDT
[#19]
What rock y'all been hiding under? This has been widely reported since last March that the $20,000 / 200 transaction limit was ending this year.
Yes, if you accept PayPal/Venmo/Zelle/etc. payments totaling more than $600 per calendar year, starting with tax year 2022, you will receive a 1099-K with that amount reported to the IRS as income. So, make sure to start keeping your receipts for stuff in case you sell it in the future, you can offset that 1099-K with the appropriate expense and you won't owe taxes. |
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Posted: 9/19/2021 11:30:35 AM EDT
[#20]
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Posted: 9/19/2021 11:30:44 AM EDT
[#21]
I foresee a lot of multiple $599.99 transactions in the future
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Posted: 9/19/2021 11:30:51 AM EDT
[#22]
Quote HistoryQuoted: I love bartering, it's like the dark ages, only better, but getting worse. FJB I have done a lot of bartering in the past. I might have to continue that in the future. Fuckin' tyrants are getting bolder. |
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Posted: 9/19/2021 11:31:26 AM EDT
[#23]
This happened a while ago with Paypal G&S. Why people on here and similar sites voluntarily give a cut to those antigunners is baffling. I do FF, venmo, zelle all the time as long as the seller is vetted.
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Posted: 9/19/2021 11:31:27 AM EDT
[#24]
And they’ll still ignore drug dealers, those drug dealers need to pay their fair share, the drug dealers will pay for it. Greedy drug dealers are stealing your generational wealth!!!
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Posted: 9/19/2021 11:31:43 AM EDT
[#25]
4th Amendment
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Posted: 9/19/2021 11:32:11 AM EDT
[#26]
Oh, it's much worse than that. Remember that law they slipped in on $10k transactions at the bank? They just merely lowered the threshold to $600 now. And according to our credit union, they are pushing to make it ANY transaction you do.
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Posted: 9/19/2021 11:32:30 AM EDT
[#27]
I take well concealed cash, or multiple payments in sums $500 and lower.
ETA- In before crypto is somehow the answer |
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Posted: 9/19/2021 11:32:51 AM EDT
[#28]
Quote HistoryQuoted: No, from what I understand it is worse. It is a total of $600 per year not per transaction. Quote HistoryQuoted: Quoted: Man fuck off. Fuck you biden and communists. So if I sell a lawnmower for 600 bucks they expect me to either pay taxes on it or have an accountant figure out a way out of that? Piss off fags No, from what I understand it is worse. It is a total of $600 per year not per transaction. Guess what. The state says you owe sales tax on every transaction too. |
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Posted: 9/19/2021 11:33:31 AM EDT
[#29]
Quote HistoryThat's different and hasn't passed (yet). The $600 reporting by all electronic payment processors passed last year and takes effect in 2022. |
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Posted: 9/19/2021 11:34:55 AM EDT
[#30]
Quote HistoryQuoted: I foresee a lot of multiple $599.99 transactions in the future Structuring? |
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Posted: 9/19/2021 11:35:04 AM EDT
[#31]
Start your own IRS.
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Posted: 9/19/2021 11:35:28 AM EDT
[#32]
Gotta help fleece everyone for them stimulus payments and fake climate control money.
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Posted: 9/19/2021 11:35:58 AM EDT
[#33]
Quote HistoryQuoted: FJB |
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Posted: 9/19/2021 11:35:59 AM EDT
[#34]
I don’t recognize Joe Biden as President, therefore anything he says or does in the name of the office of President is invalid and without any legal authority. All Acts of Congress signed by him are, as far as I am concerned, not law.
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Posted: 9/19/2021 11:36:13 AM EDT
[#35]
 Raw Video Austin IRS Building Moments After Plane Crash |
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Posted: 9/19/2021 11:37:10 AM EDT
[#36]
Quote HistoryQuoted: What rock y'all been hiding under? This has been widely reported since last March that the $20,000 / 200 transaction limit was ending this year. Yes, if you accept PayPal/Venmo/Zelle/etc. payments totaling more than $600 per calendar year, starting with tax year 2022, you will receive a 1099-K with that amount reported to the IRS as income. So, make sure to start keeping your receipts for stuff in case you sell it in the future, you can offset that 1099-K with the appropriate expense and you won't owe taxes. So if I buy something for $800 and sell it for $600 does that show as a loss somewhere? |
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Posted: 9/19/2021 11:37:21 AM EDT
[#37]
Yea, pretty sure we knew about this before it was passed. But yea, massive tax increase on the little guy.
Everything theyve done during this pandemic was to destroy small business and bolster the largest businesses. |
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Posted: 9/19/2021 11:38:12 AM EDT
[#38]
Quote HistoryQuoted: What rock y'all been hiding under? This has been widely reported since last March that the $20,000 / 200 transaction limit was ending this year. Yes, if you accept PayPal/Venmo/Zelle/etc. payments totaling more than $600 per calendar year, starting with tax year 2022, you will receive a 1099-K with that amount reported to the IRS as income. So, make sure to start keeping your receipts for stuff in case you sell it in the future, you can offset that 1099-K with the appropriate expense and you won't owe taxes. The lunacy keeps on compounding. |
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Posted: 9/19/2021 11:38:50 AM EDT
[#39]
What if your payment system is BTC?
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Posted: 9/19/2021 11:38:54 AM EDT
[#40]
It's starting to look like this old luddite was WAY smarter then all those ''new age'' electronical payment geniuses.
Cash really IS king. Electronic is the court jester. |
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Posted: 9/19/2021 11:38:58 AM EDT
[#41]
What about all the payola that scumbag FJB and his family received?
When he pays taxes on that we might comply. Not. All those hypocrites in D.C. getting rich on dirty money can screw right off. I remember something about taxation and representation… |
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Posted: 9/19/2021 11:38:59 AM EDT
[#42]
Quote HistoryQuoted: Only the rich will pay more. Is that sarcasm, or do you really believe it? |
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Posted: 9/19/2021 11:39:07 AM EDT
[#43]
Wow, Democrats really going after the rich!
ETA: beat as usual. |
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Posted: 9/19/2021 11:40:01 AM EDT
[#44]
Quote HistoryQuoted: Yea, pretty sure we knew about this before it was passed. But yea, massive tax increase on the little guy. Everything theyve done during this pandemic was to destroy small business and bolster the largest businesses. Classic Marxism. On it's way to the finish line destruction of the middle class is at the halfway mark. |
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Posted: 9/19/2021 11:40:18 AM EDT
[#45]
USPS MO will make a comeback. I had to relent on electronic stuff in the EE because so many are unwilling to deal with USPS MOs. That will change now I'm sure.
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Posted: 9/19/2021 11:41:13 AM EDT
[#46]
Quote HistoryQuoted: I don't recognize Joe Biden as President, therefore anything he says or does in the name of the office of President is invalid and without any legal authority. All Acts of Congress signed by him are, as far as I am concerned, not law. 
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Posted: 9/19/2021 11:41:22 AM EDT
[#47]
Quote HistoryQuoted: So if I buy something for $800 and sell it for $600 does that show as a loss somewhere? Businesses can do that, hobbyists nope. |
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Posted: 9/19/2021 11:42:29 AM EDT
[#48]
Quote HistoryQuoted: Structuring? Not today Mr. IRS man |
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Posted: 9/19/2021 11:42:30 AM EDT
[#49]
Quote HistoryQuoted: I foresee a lot of multiple $599.99 transactions in the future You'll need to space those $599.99 transactions a year apart, because $600 is aggregate for the year. |
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Posted: 9/19/2021 11:43:37 AM EDT
[#50]
So much for their cashless society plans.
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