03/15/2023
Notary Alert American Rescue Act - its finally happened, it's official!
BREAKING NEWS: The IRS just announced that they are delaying the $600 1099-K reporting requirement
✅CashApp, Venmo, and Paypal are no longer required to send you a 1099-K for $600 transactions
Instead, it will be $20,000
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These are messages below a public opinion:⬇️
…Thank goodness, all it would take is one friend paying you back for a flight or a few nice dinners and you're stuck having to prove its not income.
The 600$ rule was going to be a mess…
…Considering they didn't audit Trump for years as they should have, this is the least they could do…
…Legally you have to pay taxes on any & you make. Why does this surprise people so much?…
…I run a business so imma claim all I made, use tax deductions ad keep building instead of trying to get around it!! Don't be scared of taxes people….
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What’s your thoughts below? ⬇️
Did you get a 1099-K from Stripe, PayPal, Cash app, Venmo, QuickBooks, Shopify, or Etsy