For Unique Content material on Shares and Crypto, please go to our web site: https://clearvalueinvesting.com/ Rise up to 12 Free Shares …
source
Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at The Crypto HODL
how do gifts work if mu friend gives me money is it income?( i have 2 friends that do this)
None of this applies to "personal" transactions.
People sending money via CashApp personal accounts and through PayPal friends and family do not trigger 1099K's.
Nowhere in the tax code does it say you must pay tax on labor. Ever. File exempt. Fuck them.
This would also force drug dealers who use cashapp and venmo to pay taxes lol
Pelosi's stock portfolio grew by 50% in one year. Think they will investigate that?
Simple solution. Get incorporated and set up separate transaction apps for that corporation and do not mix your personal transaction app accounts with your business transaction app accounts.
Awesome summary of the situation!! Thanks so much!
Looks like the government is hard at work giving too much money to the three letter dickheads again.
If your last name is (Hunter) Biden apparently 2 million extra income is ok.
The same IRS that misplaced 3 trillion lol
Good, because I wasn't going to comply anyway.
Taxation without representation
This kind of thing happens, because as soon as the Democratic talk about taxing the rich , it seems all the republicans get up in arms, but then the republicans representatives turn around and tax the crap out of everyone else. Lol life is messed up.
Use Zelle!
so the 13-17 year old who now use venmo (im so tired of the commercials) would be taxed. this is using zelle from now on
It's illegal for the IRS to change its mind? How is this any different than businesses reporting payments to independent contractors for $600 or more?????? That's been on the books for decades.
tax is paid on income, income is defined as money, we have not been paid with money since we were taken off the gold standard, we are paid in debt! (your welcome)
CEdcept Massachusetts and Vermont which have had the 600 dillsr limit in 2017
So if inlend my brother some money to help out with rent, and then he pays me back on cashapp, somehow thats income and i should be taxed? This makes no sense.
Does it matter if you pay as gift or not select "turn on for purchases" option? Any transaction will count towards the $600 limit?
whoopdie doo just another 2 years… how bout just keepin it to how it has been
Can we deduct the cost of the baby stroller from the $600 we received for the stroller via PayPal, and how is that accomplished???
This is an example of how broken Congress is. Everyone knows this $600 law is nonsense.
Its fucking insane, We already paid taxes on the money, then to send money we gotta pay tax on it again.. WE ARE GOING TO START GETTING TAXED TO BREATH FFS
Stupid IRS and stupid government! All our money is sent to Ukraine! WTF!?!
So if I sent zelle to my wife, then now IRS will want my wife to pay taxes on them?
Its never about the rich but the middle class
I want to know If 😢you have friends to friends who pay one another or if you make sells on Facebook markets for the 2024??
Most people are using these apps for other reasons like pre paying, like when we go on vacation I pay for it up front, then I let everyone in my group how much their potion is.