01-02-2023 06:59 PM
Super happy here about the delay in the $600 or one transaction required reporting to IRS. I didn't make a million dollars, but I'm sure glad about this. Maybe it will go away altogether in 2023! This is going to be a very good year !
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01-03-2023 12:07 AM
A lot of the tax cheats are happy about it.
Even though you don't receive a 1099K, you still have to report your income, that hasn't changed.
01-02-2023 07:04 PM
The delay affects only entities that are/were required to issue Forms 1099-K to individuals. There is no change whatsoever for individual taxpayers; i.e., eBay sellers. The reporting requirements are exactly the same as always.
Are you an entity that issues Forms 1099-K to individuals?
01-02-2023 07:07 PM
@laura52497 wrote:Super happy here about the delay in the $600 or one transaction required reporting to IRS. I didn't make a million dollars, but I'm sure glad about this. Maybe it will go away altogether in 2023! This is going to be a very good year !
You do know that regardless of the issuance of the 1099 or not you are still required to report your income from ebay sales, right?
01-03-2023 12:07 AM
A lot of the tax cheats are happy about it.
Even though you don't receive a 1099K, you still have to report your income, that hasn't changed.
01-06-2023 06:28 AM
Oh,yes! I'm aware I must report all income to the IRS
01-06-2023 06:30 AM
Yes, good way of putting it.
01-06-2023 06:32 AM
No, I don't issue 1099s.
01-12-2023 06:52 PM - edited 01-12-2023 06:54 PM
When I file my taxes every April (or earlier for me actually) I'm legally reporting my FAIR share owed to the gov't from my wages and THEN some.
When you refer to folks like myself as 'tax cheats' you're pretty much putting us in with others who are guilty of tax evasion! In a nutshell, for example, the governor of my state is a businessman first, politician second. His goal was to reinforce the rainy day fund w/o resorting to raising taxes... it's that simple. Some are politicians first, businessmen second so they want to burden the taxpayer to grow the pot and then spend, spend, spend... causing a a dysfunctional economic system which ripples across the land.
I can sit here and try to convey how the gov't should not over reach to drain my savings because it's imperative for them to spend my money before they even get it. A responsible democracy ultimately & ideally consists of officials who represent the citizens' concerns & ideas, so in essence.. a gov't can still function efficiently through compromise and that would entail keeping the burden off of taxpayers without absurd strongarm tactics. Someone commented & blatantly summarized it.. the reporting delay affects entities required to issue 1099-K's.. no changes to individual taxpayers (ebay sellers)!
You're inevitably going to respond to my comments, my thoughts, my feelings of where I stand on this subject (and I'm darn sure others will agree) so go right ahead.. you're free to spout.
Thanks!!
01-15-2023 08:49 AM
🤣 ... Does the gov't need to tap into every individual personal reserve? I mean think about it.. it ultimately comes down to 'tax & spend' for some politicians.
There are politicians and then there are politicians who think like businessmen and that type has the wherewithal to refrain from increasing taxes because the less you tax the less you spend, you know that right??!!
02-14-2024 06:55 AM
You're spot on. 👌
02-14-2024 06:58 AM
Old thread January 2023
02-14-2024 08:10 AM
Hi everyone,
Due to the age of this thread, it has been closed to further replies. Please feel free to start a new thread if you wish to continue to discuss this topic.
Thank you for understanding.
02-14-2024 09:01 AM
Hi everyone,
Due to the age of this thread, it has been closed to further replies. Please feel free to start a new thread if you wish to continue to discuss this topic.
Thank you for understanding.