Grayox@lemmy.ml to Memes@lemmy.ml · 1 year agoIRS be likelemmy.mlimagemessage-square41fedilinkarrow-up1933arrow-down132
arrow-up1901arrow-down1imageIRS be likelemmy.mlGrayox@lemmy.ml to Memes@lemmy.ml · 1 year agomessage-square41fedilink
minus-squareXeroxCool@lemmy.worldlinkfedilinkarrow-up3arrow-down1·1 year agoMost importantly being that this limit, form, and change is for businesses. This is not for personal accounts.
minus-squareDrPop@lemmy.onelinkfedilinkarrow-up5·1 year agoThat is for businesses, Cash app PayPal venmo etc,to report to the IRS that you had this source of income. 1099k has to deal with Internet transactions. This is absolutely for personal accounts.
minus-squareXeroxCool@lemmy.worldlinkfedilinkarrow-up1·1 year ago Payments you got from family and friends should not be reported on Form 1099-K
minus-squareDrPop@lemmy.onelinkfedilinkarrow-up3·1 year agoYes, yet this is what people are acting as if this regulations are. Keyword here is should.
Most importantly being that this limit, form, and change is for businesses. This is not for personal accounts.
That is for businesses, Cash app PayPal venmo etc,to report to the IRS that you had this source of income. 1099k has to deal with Internet transactions. This is absolutely for personal accounts.
Yes, yet this is what people are acting as if this regulations are. Keyword here is should.