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+--- Thread: Buyers and sellers be aware of the new 1099 IRS for $600 per year, reporting scheme. (/showthread.php?tid=3178)
Buyers and sellers be aware of the new 1099 IRS for $600 per year, reporting scheme. - Mark Loraine - 01-10-2022
Buyers and sellers be aware of the new 1099 IRS for $600 per year, reporting scheme.
This Y/T 13 minute video will let you know basically how buying and selling will affect the vintage karting world as we knew it.
Cash will be KING, a distant 2nd will bartering/swapping.
Soon they will close the USPS Postal Money order loophole.
And when you sell for $599.99 you’ll be charged with structuring!
(that last one is my opinion)
It affects all those payment services like Paypal as well.
That’s why you’re eBay account had to be linked to directly to your checking account after they gave Paypal the boot last June of 2021.
https://www.youtube.com/watch?v=wEzunQzf4IU
Just a heads up Gentleman.
Regards,
Mark L./SWNY
RE: Buyers and sellers be aware of the new 1099 IRS for $600 per year, reporting scheme. - Terry Sullivan - 01-11-2022
Moving toward a no cash society, so that GOV can monitor every transaction and steal their 'fare share'.