The IRS is coming for your side hustle

[Cakebatter]

TLDR: Earlier this year Congress passed an act that required all banks and payment service providers to report all transactions over $600 that were for goods or services. So in January, you may receive a 1099-K form, and you will be forced to claim those transactions on your 2022 tax returns. Please watch the video. Despite all the the Leaked Tax returns of the 1% showing how they paid little to no taxes (Bezos was getting tax refunds) they coming after us. #Both Sides.

 

[Sohh_lifted]

MAGA babble. old news.

 

[Elim Garak]

This been known for like a year they made it clear they won't allow people to get around not paying taxes on those transactions.

 

[ROFL_GUY]

TLDR: Earlier this year Congress passed an act that required all banks and payment service providers to report all transactions over $600 that were for goods or services. So in January, you may receive a 1099-K form, and you will be forced to claim those transactions on your 2022 tax returns. Please watch the video. Despite all the the Leaked Tax returns of the 1% showing how they paid little to no taxes (Bezos was getting tax refunds) they coming after us. #Both Sides.

monies won under 10k gambling are not taxable..

gon win easy k today on nfl. while i order doordash

 

[Cakebatter]

MAGA babble. old news.

You clearly didn't watch the video. MAGA fools will feel the pain too.

 

[AQz]

Many probably missed this but it was known since last year.

This will of course impact those that are making a little money here and there as opposed to big businesses making millions.

 

[tuckgod]

This been known for like a year they made it clear they won't allow people to get around not paying taxes on those transactions.

Instead of making sure billionaires are paying their fair share.

Excellent use of resources.

Amazing what they get you dipshyts to co-sign when you’re blind followers.

 

[Elim Garak]

Instead of making sure billionaires are paying their fair share.

Excellent use of resources.

Amazing what they get you dipshyts to co-sign when you’re blind followers.

First and foremost where did I cosign this? I will await that answer then I will make my second point.

 

[REdefinition]

MAGA babble. old news.

Just curious, how is this connected to anything MAGA?

 

[Cakebatter]

Many probably missed this but it was known since last year.

This will of course impact those that are making a little money here and there as opposed to big businesses making millions.

The tax rule isnt new, but the details of how it will play out are. That's primarily what the video discusses. Tax time will be a circus.

 

[UpAndComing]

The 1099-K form for $600 of income is not a new thing lol

 

[tuckgod]

First and foremost where did I cosign this? I will await that answer then I will make my second point.

You came in with your Wonder Woman bracelets ready to deflect.

I don’t care what your point is.

 

[Drakes2ndCousin]

This been known for like a year they made it clear they won't allow people to get around not paying taxes on those transactions.

That’s cool, I can just start a separate corporate entity to collect the income and classify it as royalties or dividends. Problem solved

Gotta use the dumb capitalist system against them

 

[Elim Garak]

You came in with your Wonder Woman bracelets ready to deflect.

I don’t care what your point is.

Where did I deflect?

 

[ROFL_GUY]

That’s cool, I can just start a separate corporate entity to collect the income and classify it as royalties or dividends. Problem solved

Gotta use the dumb capitalist system against them

delivering hamburgers in a 08 altima

got any stock/crypto inside info?