Everyone HATES The New $600 IRS Reporting Rule on Payment Processors
2 years ago
7
In todays video we discuss the New $600 IRS Reporting Rule. Previously you could do up to $20,000 in sales and 200 transactions before being issued a 1099K by eBay/Paypal or other payment processors. Following a new rule put forth by Biden and the Democrats that has been dropped down to $600 meaning teenagers, smalltime sellers, and even those getting paid back for dinner by friends will have tax headaches. Checkout thevideo and learn more about it.
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