Okayy ....

[Renew1]

Payment apps will now have to report transactions to IRS

The IRS is cracking down on payments made through third-party apps, requiring platforms like Venmo, PayPal and Cash App to report transactions if they exceed $600 in one year.

www.dailymail.co.uk

 

[thebigt]

the BBB includes budget for hiring a additional 80,000 IRS agents.

remember Lois Lerner?

 

[Rad83]

I JUST saw this yesterday when I opened google and was gonna post it in the political thread.

This shmuck gotta have his hands on everything

 

[Iwilleattuna]

this is dumb af. I heard people may protest against it

 

[nostrum420]

"The new rule is only for goods and services transactions, not personal, such as paying a roommate for rent or reimbursing a friend. It also excludes anyone selling a personal item at a loss, such as a couch bought for $700 and sold for $650."

I think mostly you're just not gonna be able to Venmo your weed guy anymore.

 

[Rad83]

"The new rule is only for goods and services transactions, not personal, such as paying a roommate for rent or reimbursing a friend. It also excludes anyone selling a personal item at a loss, such as a couch bought for $700 and sold for $650."

I think mostly you're just not gonna be able to Venmo your weed guy anymore.

^ Just file that as “personal, or reimbursement”

Hey NOS can you make us homies a transdermal weed/thc product?

(I caught that 420 in your username, it can’t be a coincidence

 

[nostrum420]

^ Just file that as “personal, or reimbursement”

Hey NOS can you make us homies a transdermal weed/thc product?

(I caught that 420 in your username, it can’t be a coincidence

Would it be possible? Yes but I don't know that it would get you high.

 

[xR1pp3Rx]

Pro tip: open your communist goods stores now!