[Boatanchors] New IRS Rule

[jeffv]

https://www.foxbusiness.com/money/venmo-paypal-cash-app-report-payments-irs

Once they get their hands in your pockets, they never come out.


On 1/8/22 18:29, Doug Hensley wrote:
> I just got this from eBay so will be true for PAYPAL etc:
> 
> "Starting on Jan 1, 2022, we're required by the IRS to collect your full nine-digit Social Security
> number (SSN) or Individual Tax Identification Number (ITIN) in order to issue a Form 1099-K to
> everyone who sells $600 or more."
> 
> The 20K/200sale hallmark is no longer but may come back and haunt some of us  🙁
> 
> Not being healthy enough to work the hamfests, I'm screwed.
> 
> Doug W5JV
> 
> 
> 
> 
> 
> ______________________________________________________________
> Boatanchors mailing list
> Home: http://mailman.qth.net/mailman/listinfo/boatanchors
> Help: http://mailman.qth.net/mmfaq.htm
> Post: mailto:Boatanchors at mailman.qth.net
> 
> List Administrator: Gary Harmon, K5JWK
> ** For Assistance: gharmon at idworld.net **
> 
> 
> This list hosted by: http://www.qsl.net
> Please help support this email list: http://www.qsl.net/donate.html
> Message delivered to jeffv at op.net
>