Florida Shooters Network

Legio wrote: ↑Tue Feb 15, 2022 11:44 am

Flame Red wrote: ↑Tue Feb 15, 2022 10:15 am The IRS is probably jealous they did not come up with that.

That's right, the IRS is too busy looking into every transaction over $600 so they can extract the last penny from taxpayers to pay for their federal pensions.

I thought this insanity did not pass.

Flame Red wrote: ↑Tue Feb 15, 2022 12:45 pm Perhaps not, but I do know for sure that FleaBay notified me that I exceeded $600 in transactions and they will be sending me a 1099-K next year. I heard other internet marketplaces like Etsy were doing the same

Flame Red wrote: ↑Tue Feb 15, 2022 12:45 pm

Legio wrote: ↑Tue Feb 15, 2022 11:44 am

Flame Red wrote: ↑Tue Feb 15, 2022 10:15 am The IRS is probably jealous they did not come up with that.

That's right, the IRS is too busy looking into every transaction over $600 so they can extract the last penny from taxpayers to pay for their federal pensions.

I thought this insanity did not pass.

Perhaps not, but I do know for sure that FleaBay notified me that I exceeded $600 in transactions and they will be sending me a 1099-K next year. I heard other internet marketplaces like Etsy were doing the same

Ummmm, the Build Back Better passed Congress but the bill died in the Senate. The 600$ reporting threshold and the 20,000 more employees for the IRS was in that bill. I am at a loss then how the IRS or who/what is doing this. Something stinks to high heaven on this or these institutions are sadly mistaken.