Damn
Beware Of New IRS Hidden Tax Reporting That Starts Jan 1st 2022! (Hurts The Side Hustle)
Dann
And they refuse to say this was a Democrat backed lawThis was a board topic earlier this year. BGOL cats said there was nothing to see here. MSM 'fact checkers' ran cover for the government. IRS can get any kind of fuckery passed until 2024.
BGOL cats think the government can just print more money, yet the government is worried about 600 and will chase people to the ends of the earth even if they renounce. Swear some folks just don't get how this works.
I receive my rents through Zelle..... but my rents are reported to the IRS every year.... you gotta.... this is for them to catch any other shitz.... that's why I got an accountant... I don't like it cause I was renting some storage areas that I now have to pay taxes on
If you been reporting your rents collected then there's no problems... the money you have coming in with the Zelle will match what you been reporting.... this is to catch the shit that ain't being reported
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Sorry I voted for this dude
man I had a family member Tell my mama
going into the 2nd week of his term
“I ain’t gonna lie, I think we fucked up”
mall I could do is
because they encouraged all of us to vote. We had plenty of discussion etc…. They did a great job making sure everyone voted etc….
they gonna miss trump
man I had a family member Tell my mama
going into the 2nd week of his term
“I ain’t gonna lie, I think we fucked up”
mall I could do is
Gonna…. Bruh that was week 2 of Biden
they was glad to get trump out but Biden had folks like wtf is going on
Biden is likely going to go down as the worst President of the post Civil War era.
Nobody is taking the crown from Trump. Stop it. Biden is a fucking travesty though.
No wonder the barbershop stopped accepting cash app. Cash only.
IRS pauses rule requiring people to report PayPal, Venmo transactions over $600
“The IRS said the upcoming tax year will be a ‘transition period’ for the platforms that were due to adopt the now-suspended reporting requirements, including Venmo, PayPal and CashApp.”
www.marketwatch.com
“The IRS said the upcoming tax year will be a ‘transition period’ for the platforms that were due to adopt the now-suspended reporting requirements, including Venmo, PayPal and CashApp.”
IRS pauses rule requiring people to report PayPal, Venmo transactions over $600. Here's what went wrong.
The IRS is delaying a rule that would have required e-commerce sites and payment platforms to send out tax paperwork to a much wider swath of people in 2023.
www.marketwatch.com
God-Of-War-420
Mr. Pool
Criminals crooks and idiots, That's who's in charge.IRS pauses rule requiring people to report PayPal, Venmo transactions over $600
“The IRS said the upcoming tax year will be a ‘transition period’ for the platforms that were due to adopt the now-suspended reporting requirements, including Venmo, PayPal and CashApp.”
IRS pauses rule requiring people to report PayPal, Venmo transactions over $600. Here's what went wrong.
The IRS is delaying a rule that would have required e-commerce sites and payment platforms to send out tax paperwork to a much wider swath of people in 2023.
They really need to be hitting those one-percenters in the pocket.
silly muthafuckas thought when they hired all those extra irs agents
AND ARMED THEM
it was to go after the WEALTHY... HA!!
all those simple gullible muthafuckas THOUGHT Bitcoin was the enemy,
bitcoin and crypto is the biggest fuck you to the govt....
just to think they takin OUR tax dollars and just throwing that,
at ukraine at Isreal etc
and just squeezing the citizens for more and more...
its going to reach a boiling point, they are giving us
All a common ground to unite over... and the minute
we pinpoint the HEAD OF THE SNAKE its a wrap...
we always just attacked the tail of the snake, just
to watch it grow back..
focus on the banksters and those that OWN the corporations,
not the ceo's the board members and up,
those that plot behind close doors then give their orders
to these whore treasonous politicians we THINK
are own are side...
AND ARMED THEM
it was to go after the WEALTHY... HA!!
all those simple gullible muthafuckas THOUGHT Bitcoin was the enemy,
bitcoin and crypto is the biggest fuck you to the govt....
just to think they takin OUR tax dollars and just throwing that,
at ukraine at Isreal etc
and just squeezing the citizens for more and more...
its going to reach a boiling point, they are giving us
All a common ground to unite over... and the minute
we pinpoint the HEAD OF THE SNAKE its a wrap...
we always just attacked the tail of the snake, just
to watch it grow back..
focus on the banksters and those that OWN the corporations,
not the ceo's the board members and up,
those that plot behind close doors then give their orders
to these whore treasonous politicians we THINK
are own are side...
Or simply pay taxes
If paying taxes means you don’t have money it means you doing business wrong
You only pay taxes on your net profits. So you would not pay on the full 1000 because of expenses and other write offs
You don’t pay taxes on money sent to your wife or even a friend. Loans are not taxable. You are only taxed if you do business through zelle or cash app
Just remember you only pay taxes on your net profits. You have expenses such as getting the property ready for rent, maintaining the property.
If you are doing business under an LLC, you have a ton of write offs that basically have you paying nothing
Covid gave rise to a lot of at home small business owners who used those unemployment checks like a small business loan they didn't have to pay back which the IRS didn't get a dime from. People had thriving business which they used online payment platforms tax free.
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Middle of the night tax advice from a shit ass border jumping illegal
.
^^^^
That's not correct.
Unemployment is taxed at 10%. And is reported on your taxes to the IRS as well. These checks come from the govt, how you think people getting around not paying the govt? Lol
I've used online payment platforms for years.
It's the same as using cash. Some I report, some I don't. Like anyone else I'd think with a small biz.
Why do they deem $600 this threshold?
Too many use all these for all kinds of things. Payments to each other in a relationship or family.
I Zelle my daughter some bread, she has to pay taxes on that?
That chit cray.
It really is. Been a year and still is crazier than ever.
Americans are just....I have no words. Folks with Ukraine flags in their bios are the types who bent over backwards trying to spin this shit.
Naw just a business owner dropping advice. If they set up their business correctly, especially the ones that have rental properties. You pay basically nothing in taxes
You clearly don’t understand shit in this thread. Somebody doing some side hustles aint setting up a tax ID to report a couple hundred dollars or even a couple thousand dollar. This effects nobody but the middle class and poor plain and simple. The IRS literally stated they have no resources to go after the big fish who tax evade because those guys have lawyers and in layman’s terms the IRS don’t want that smoke. But they got ALL the smoke for people who they know can’t fight the shit and will just settle for whatever they are told they owe. Fuck Biden for this bullshit
If they set up a proper business structure, it is damn near impossible to get taxed on a couple hundred or a couple thousand dollars.
Who the fuck is doing that? Nobody! And it aint impossible but, all this is gone do for most of lower their refund that they we’re counting on. These muthafuckas are digging for lint in peoples pocket while giving away hundred billions to a bullshit war.
It is actually very easy. People who don’t set up their business end up paying more and not taking advantages of all the tax credits businesses get. It takes little time to set up a simple LLC. A person can do that in 5 mins.
You can write off
1. 50% of your meals and drinks
2. Travel - flights, hotels, dry cleaning, rentals
3. Cars - maintenance, miles and depreciation
4. Equipment purchases
5. Any computer software
6. Home office
7. Office supplies- shit like pencils pens, ink paper ext
8. Phone and Internet
9. Bank fees
10. Depreciation on shit you purchased
11. Child and dependent care
12. Advertising and promotion
13. Gift to others
15. Furniture
16. Appliances
That is just a few things. If you have a side hustle and make under 15k you won’t pay shit. If you make about 15k to 30k you will pay so little you wont even notice