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IRS Delays $600 Tax Reporting Rule for Venmo, Etsy Sellers and Other Digital Wallets
Thread created 12-23-2022 by coldteadodd
+129 Score 143 Replies 45,339 Views
Post #160554406 added 12-23-2022 2:09 PM by brimorga in Consumer Awareness
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.
IRS Delays $600 Tax Reporting Rule for Venmo, Etsy Sellers and Other Digital Wallets
Thread created 12-23-2022 by coldteadodd
+129 Score 143 Replies 45,339 Views
Post #160560355 added 12-23-2022 6:57 PM by DoobieBrother in Consumer Awareness
No I guess you need to step back a bit and look at the broader picture. If you don't like the tax code, fix it. If you think it is unfair to the bottom 50% that pay NO federal taxes, fix it. Tax...
IRS Delays $600 Tax Reporting Rule for Venmo, Etsy Sellers and Other Digital Wallets
Thread created 12-23-2022 by coldteadodd
+129 Score 143 Replies 45,339 Views
Post #160630423 added 12-27-2022 6:51 AM by FeistyPiranha7011 in Consumer Awareness
That's no rule it never went into effect so you lost out of ebay money foe no reason
IRS Delays $600 Tax Reporting Rule for Venmo, Etsy Sellers and Other Digital Wallets
Thread created 12-23-2022 by coldteadodd
+129 Score 143 Replies 45,339 Views
Post #160556155 added 12-23-2022 3:31 PM by skyzophrenyk in Consumer Awareness
Most of these people are selling their own used items at a loss, or receiving payments from friends or family, or getting small amounts of cash for taking a study or doing surveys or winning a prize...
IRS Delays $600 Tax Reporting Rule for Venmo, Etsy Sellers and Other Digital Wallets
Thread created 12-23-2022 by coldteadodd
+129 Score 143 Replies 45,339 Views
Post #160562962 added 12-23-2022 9:16 PM by shaddowplay in Consumer Awareness
I don’t want to go after the smaller sellers but I so hated those people gouging on the PS5’s….
IRS Delays $600 Tax Reporting Rule for Venmo, Etsy Sellers and Other Digital Wallets
Thread created 12-23-2022 by coldteadodd
+129 Score 143 Replies 45,339 Views
Post #160570117 added 12-24-2022 8:47 AM by PhatChanceAThat in Consumer Awareness
Great, Stay off ebay and let the honest businesses sell their stuff and pay their fair share of taxes.
IRS Delays $600 Tax Reporting Rule for Venmo, Etsy Sellers and Other Digital Wallets
Thread created 12-23-2022 by coldteadodd
+129 Score 143 Replies 45,339 Views
Post #160598926 added 12-25-2022 6:18 PM by SUCHaDEAL in Consumer Awareness
https://www.cnbc.com/2022/12/23/irs-delays-tax-reporting-change-for-1099-k-on-venmo-paypal-payments.html The IRS announced it won’t require platforms such as Paypal and Venmo to issue a tax when a...
IRS Delays $600 Tax Reporting Rule for Venmo, Etsy Sellers and Other Digital Wallets
Thread created 12-23-2022 by coldteadodd
+129 Score 143 Replies 45,339 Views
Post #160557376 added 12-23-2022 4:31 PM by bwalt15 in Consumer Awareness
Found the Fed
IRS Delays $600 Tax Reporting Rule for Venmo, Etsy Sellers and Other Digital Wallets
Thread created 12-23-2022 by coldteadodd
+129 Score 143 Replies 45,339 Views
Post #160561009 added 12-23-2022 7:30 PM by LionInTheBay in Consumer Awareness
Uncle Sam can’t account for the trillions of dollars that went missing, but they want to track us for the $600 we sold and make sure we report it. Sounds about right.
IRS Delays $600 Tax Reporting Rule for Venmo, Etsy Sellers and Other Digital Wallets
Thread created 12-23-2022 by coldteadodd
+129 Score 143 Replies 45,339 Views
Post #160657327 added 12-28-2022 7:52 AM by EfficientWalrus7040 in Consumer Awareness
Lots of measles hundreds adds up. And it means those of us who don’t cheat have to pay more. I
IRS Delays $600 Tax Reporting Rule for Venmo, Etsy Sellers and Other Digital Wallets
Thread created 12-23-2022 by coldteadodd
+129 Score 143 Replies 45,339 Views
Post #160681306 added 12-29-2022 5:24 AM by Slacky in Consumer Awareness
But the people with the ACTUAL money in this country don’t want to pay taxes. And they have tons of spare cash since they own everything and can only have hedonistic orgies so often. So they buy the...
IRS Delays $600 Tax Reporting Rule for Venmo, Etsy Sellers and Other Digital Wallets
Thread created 12-23-2022 by coldteadodd
+129 Score 143 Replies 45,339 Views
Post #160560523 added 12-23-2022 7:05 PM by thelegaldreamteam in Consumer Awareness
Boston Tea Party
IRS Delays $600 Tax Reporting Rule for Venmo, Etsy Sellers and Other Digital Wallets
Thread created 12-23-2022 by coldteadodd
+129 Score 143 Replies 45,339 Views
Post #160730728 added 12-31-2022 10:06 AM by epistaxis in Consumer Awareness
That has nothing to do with the IRS. Blame congress for that.
IRS Delays $600 Tax Reporting Rule for Venmo, Etsy Sellers and Other Digital Wallets
Thread created 12-23-2022 by coldteadodd
+129 Score 143 Replies 45,339 Views
Post #160556653 added 12-23-2022 3:53 PM by skyzophrenyk in Consumer Awareness
How is it artificial?
IRS Delays $600 Tax Reporting Rule for Venmo, Etsy Sellers and Other Digital Wallets
Thread created 12-23-2022 by coldteadodd
+129 Score 143 Replies 45,339 Views
Post #160621414 added 12-26-2022 5:40 PM by CaptainCheap0 in Consumer Awareness
Last year I sold over 25,000 gross with a loss of 10,000$ lol. Review tech I pay for myself as a hobby and I lose my butt. But yet I will be taxed on gross on eBay 😂
IRS Delays $600 Tax Reporting Rule for Venmo, Etsy Sellers and Other Digital Wallets
Thread created 12-23-2022 by coldteadodd
+129 Score 143 Replies 45,339 Views
Post #160578493 added 12-24-2022 5:18 PM by butter123 in Consumer Awareness
IRS announces delay for implementation of $600 reporting threshold for third-party payment platforms’ Forms 1099-K ...
IRS Delays $600 Tax Reporting Rule for Venmo, Etsy Sellers and Other Digital Wallets
Thread created 12-23-2022 by coldteadodd
+129 Score 143 Replies 45,339 Views
Post #160556722 added 12-23-2022 3:55 PM by Pga in Consumer Awareness
Purposely created by CPAs “on paper” using vague practices.
IRS Delays $600 Tax Reporting Rule for Venmo, Etsy Sellers and Other Digital Wallets
Thread created 12-23-2022 by coldteadodd
+129 Score 143 Replies 45,339 Views
Post #160581253 added 12-24-2022 8:51 PM by DealsNStuff in Consumer Awareness
Yep. I've only used FB marketplace a few times and all have been cash transactions. Then at the end, I tell FB I didn't sell the item. 🤷 ♂️
IRS Delays $600 Tax Reporting Rule for Venmo, Etsy Sellers and Other Digital Wallets
Thread created 12-23-2022 by coldteadodd
+129 Score 143 Replies 45,339 Views
Post #160585039 added 12-25-2022 5:30 AM by FearAndLoathing in Consumer Awareness
Yeah, eat the rich….it’s not like they pay 95% of all the US federal taxes or anything.
IRS Delays $600 Tax Reporting Rule for Venmo, Etsy Sellers and Other Digital Wallets
Thread created 12-23-2022 by coldteadodd
+129 Score 143 Replies 45,339 Views
Post #160561879 added 12-23-2022 8:15 PM by drufoo in Consumer Awareness
There is not a tax liability here. Unless you sell your antique coffee table for a profit selling used stuff at a loss isn't going to add anything to your tax bill
IRS Delays $600 Tax Reporting Rule for Venmo, Etsy Sellers and Other Digital Wallets
Thread created 12-23-2022 by coldteadodd
+129 Score 143 Replies 45,339 Views
Post #160562602 added 12-23-2022 8:55 PM by ak1802 in Consumer Awareness
It’s just more pain and paperwork for the pencil pushers
IRS Delays $600 Tax Reporting Rule for Venmo, Etsy Sellers and Other Digital Wallets
Thread created 12-23-2022 by coldteadodd
+129 Score 143 Replies 45,339 Views
Post #160555321 added 12-23-2022 2:49 PM by dhuzziii in Consumer Awareness
You know even if they get rid of the reporting requirements and threshold you still have to report it right? That you could still be audited right? That you would still have to prove it right?
IRS Delays $600 Tax Reporting Rule for Venmo, Etsy Sellers and Other Digital Wallets
Thread created 12-23-2022 by coldteadodd
+129 Score 143 Replies 45,339 Views
Post #160569784 added 12-24-2022 8:32 AM by OxyGen87 in Consumer Awareness
Where are they gonna find 87,000 workers with experience during this labor shortage and "Great Resignation"? Apparently all younger people just wanna make it famous on TikTok instead
IRS Delays $600 Tax Reporting Rule for Venmo, Etsy Sellers and Other Digital Wallets
Thread created 12-23-2022 by coldteadodd
+129 Score 143 Replies 45,339 Views
Post #160657432 added 12-28-2022 7:55 AM by wills916 in Consumer Awareness
Exactly. If they didn't even audit the former presidents taxes as mandated by law for his first two years, wtf are they going after people for a few hundred bucks of potentially unreported income....
IRS Delays $600 Tax Reporting Rule for Venmo, Etsy Sellers and Other Digital Wallets
Thread created 12-23-2022 by coldteadodd
+129 Score 143 Replies 45,339 Views
Post #160610143 added 12-26-2022 9:26 AM by jmb206 in Consumer Awareness
Participating in their game is the joke
IRS Delays $600 Tax Reporting Rule for Venmo, Etsy Sellers and Other Digital Wallets
Thread created 12-23-2022 by coldteadodd
+129 Score 143 Replies 45,339 Views
Post #160825738 added 01-05-2023 6:31 AM by wshwe in Consumer Awareness
$600 tax reporting rule should be reinstated immediately! 👍
IRS Delays $600 Tax Reporting Rule for Venmo, Etsy Sellers and Other Digital Wallets
Thread created 12-23-2022 by coldteadodd
+129 Score 143 Replies 45,339 Views
Post #160555267 added 12-23-2022 2:46 PM by SmoothMars in Consumer Awareness
Agreed. That's one of the reasons I didn't want to sell on eBay - the hassle of having yet another tax form.
IRS Delays $600 Tax Reporting Rule for Venmo, Etsy Sellers and Other Digital Wallets
Thread created 12-23-2022 by coldteadodd
+129 Score 143 Replies 45,339 Views
Post #160569571 added 12-24-2022 8:20 AM by Handymanmacaw in Consumer Awareness
SIf I were a politician, I'd be putting together a bipartisan bill aimed at defining taxes in the gig economy and allow folks to claim losses on personal things they sell for Schedule SE. For...
IRS Delays $600 Tax Reporting Rule for Venmo, Etsy Sellers and Other Digital Wallets
Thread created 12-23-2022 by coldteadodd
+129 Score 143 Replies 45,339 Views
Post #160555000 added 12-23-2022 2:33 PM by windnsalsa in Consumer Awareness
Measly few hundreds is not much of fraud to deal with. Go after the BIG fish
IRS Delays $600 Tax Reporting Rule for Venmo, Etsy Sellers and Other Digital Wallets
Thread created 12-23-2022 by coldteadodd
+129 Score 143 Replies 45,339 Views
Post #160557322 added 12-23-2022 4:28 PM by daversion in Consumer Awareness
Lots of misinformation in this thread. Read the IRS bulletin. We will be a cash-only economy outside of retailers if this gets widely enforced. ...
IRS Delays $600 Tax Reporting Rule for Venmo, Etsy Sellers and Other Digital Wallets
Thread created 12-23-2022 by coldteadodd
+129 Score 143 Replies 45,339 Views
Post #160565203 added 12-24-2022 1:02 AM by GhostShipCaptain in Consumer Awareness
Buy it new, pay taxes. Sell it used, pay taxes. Seems fair…
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