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General Business Discussions This is a general purpose forum open to business related topics concerning Reptiles and Amphibians that are neither appropriate for the Board of Inquiry, nor sales, purchase, or trade solicitations. |
03-13-2021, 06:33 PM
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#2
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Am I reading this correctly that it doesn't take effect until next year? I save all receipts of transactions regardless, just wanting to make sure I am following it correctly.
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03-14-2021, 09:20 AM
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#3
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Yes this year the thresholds are still $20,000 and 200 transactions.
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12-25-2021, 08:37 PM
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#4
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12-06-2022, 03:25 PM
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#5
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Learn your Schedule C and Schedule SE tax forms ladies and gents.
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01-14-2023, 10:47 AM
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#6
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IRS is going bye bye...save yourself the aggravation.
its all gonna change. research is the only way.
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01-14-2023, 10:48 AM
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#7
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also dump PayPal..junk
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01-14-2023, 11:42 AM
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#8
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The implementation of the reporting rule has been delayed for a year. So, the threshold of $20,000 and 200 transactions remains in effect for tax year 2022. The $600 and one transaction threshold applies to tax year 2023.
https://www.irs.gov/newsroom/irs-ann...s-forms-1099-k
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01-14-2023, 11:55 AM
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#9
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Quote:
Originally Posted by TIBOR PAPP
IRS is going bye bye...save yourself the aggravation.
its all gonna change. research is the only way.
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I SERIOUSLY doubt that will happen. Why in the world would the government get rid of their major source of income and control? At best, all that would happen is that the name would change to something pink and fluffy sounding.
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01-14-2023, 11:58 AM
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#10
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Quote:
Originally Posted by TIBOR PAPP
also dump PayPal..junk
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And a widely used and convenient online payment utility compatible with existing website scripts you would recommend would be ______________________ ?
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