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IRS Delays $600 Tax Reporting Rule for Venmo, Etsy Sellers and Other Digital Wallets

1,810 1,005 December 23, 2022 at 01:44 PM in Free Shipping (2)
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Joined Jan 2009
L6: Expert
> bubble2 1,453 Posts
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epistaxis
12-30-2022 at 08:05 PM.
12-30-2022 at 08:05 PM.
Quote from Dkizzy View quoted comment :
A massive waste of cost and taxpayer dollars

Making sure the IRS can do it's job is a waste of tax payer dollars?
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Joined Dec 2018
L6: Expert
> bubble2 1,338 Posts
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Dkizzy
12-30-2022 at 09:05 PM.
12-30-2022 at 09:05 PM.
Quote from epistaxis View quoted comment :
Making sure the IRS can do it's job is a waste of tax payer dollars?

Where's all that staff to go after the ultra wealthy folks who pay the least tax? Oh wait, let's go after the higher amount of population and punish them for making $600 per transaction, but publicly promise no new taxes to said population class.
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Joined Jan 2009
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> bubble2 1,453 Posts
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epistaxis
12-31-2022 at 10:06 AM.
12-31-2022 at 10:06 AM.
Quote from Dkizzy View quoted comment :
Where's all that staff to go after the ultra wealthy folks who pay the least tax? Oh wait, let's go after the higher amount of population and punish them for making $600 per transaction, but publicly promise no new taxes to said population class.
That has nothing to do with the IRS. Blame congress for that.
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Joined Dec 2018
L6: Expert
> bubble2 1,338 Posts
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Dkizzy
12-31-2022 at 10:15 AM.
12-31-2022 at 10:15 AM.
Quote from epistaxis View quoted comment :
That has nothing to do with the IRS. Blame congress for that.

......then use those hundreds of agents on the worst tax dodgers, that would be sensible.
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Joined Dec 2019
L4: Apprentice
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Dvaren
01-03-2023 at 07:37 AM.
01-03-2023 at 07:37 AM.
Quote from Pga View quoted comment :
Why do normal individuals have AMT, yet incorporated 1% does not?

normal individuals don't pay the AMT. only the rich.
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Joined Dec 2008
L7: IT Consultant
> bubble2 3,593 Posts
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missellie
01-03-2023 at 09:57 AM.
01-03-2023 at 09:57 AM.
Quote from Dvaren View quoted comment :
normal individuals don't pay the AMT. only the rich.
Yes they do. Ask me how I know!
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Joined Dec 2015
L3: Novice
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wshwe
01-05-2023 at 06:31 AM.
01-05-2023 at 06:31 AM.
$600 tax reporting rule should be reinstated immediately! 👍
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Joined Nov 2012
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HempCures
01-18-2023 at 09:18 AM.
01-18-2023 at 09:18 AM.
Quote from brimorga View quoted comment :
Hiring those 87,000 IRS agents must be slow going, so they might as well push out the deadline until they have the manpower to enforce it.

Stop supporting oppression
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Joined Dec 2008
L8: Grand Teacher
> bubble2 3,137 Posts
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brimorga
01-22-2023 at 10:47 PM.
01-22-2023 at 10:47 PM.
Quote from HempCures View quoted comment :
Stop supporting oppression
I was being sarcastic. WHO the heck supports this, no one! Yet apparently a majority of us voted for it.
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