Changes to the IRS minimum reporting threshold in 2022
The IRS is lowering the Form 1099-K reporting threshold. Starting on January 1, 2022, IRS regulations require all businesses that process payments, including online marketplaces like eBay, to issue a Form 1099-K to sellers who receive $600 or more in gross payouts. If you receive more than $600 in gross payouts over the course of the 2022 calendar year, we’ll provide a Form 1099-K to you by January 31, 2023. Your 2021 tax obligations aren’t affected by this change.
If you haven’t already given us your Social Security Number (SSN), Employer Identification Number (EIN), or Individual Tax Identification Number (ITIN), we'll ask you to provide it once you reach $600 in sales. This information is required for all sellers with sales over the threshold amount ($600 for 2022). If you don't provide us with an SSN, EIN, or ITIN, your payouts will be put on hold, and we may deduct backup withholding from future payouts.
Changes to the IRS minimum reporting threshold in 2022gross payouts. If you receive more than $600 in gross payouts over the course of the 2022 calendar year, we’ll provide a Form 1099-K to you by January 31, 2023. Your 2021 tax obligations aren’t affected by this change.
The IRS is lowering the Form 1099-K reporting threshold. Starting on January 1, 2022, IRS regulations require all businesses that process payments, including online marketplaces like eBay, to issue a Form 1099-K to sellers who receive $600 or more in
If you haven’t already given us your Social Security Number (SSN), Employer Identification Number (EIN), or Individual Tax Identification Number (ITIN), we'll ask you to provide it once you reach $600 in sales. This information is required for allsellers with sales over the threshold amount ($600 for 2022). If you don't provide us with an SSN, EIN, or ITIN, your payouts will be put on hold, and we may deduct backup withholding from future payouts.
On 12/23/2021 8:18 PM, RichA wrote:gross payouts. If you receive more than $600 in gross payouts over the course of the 2022 calendar year, we’ll provide a Form 1099-K to you by January 31, 2023. Your 2021 tax obligations aren’t affected by this change.
Changes to the IRS minimum reporting threshold in 2022
The IRS is lowering the Form 1099-K reporting threshold. Starting on January 1, 2022, IRS regulations require all businesses that process payments, including online marketplaces like eBay, to issue a Form 1099-K to sellers who receive $600 or more in
sellers with sales over the threshold amount ($600 for 2022). If you don't provide us with an SSN, EIN, or ITIN, your payouts will be put on hold, and we may deduct backup withholding from future payouts.If you haven’t already given us your Social Security Number (SSN), Employer Identification Number (EIN), or Individual Tax Identification Number (ITIN), we'll ask you to provide it once you reach $600 in sales. This information is required for all
Please get a f...... clue. If you are not a business owner, none of this
is relevant to you.
Businesses have always had to report sales income, and there has always
been an amount over which special reporting was required. In many cases, there are State and Local requirements for this as well.
On Friday, 24 December 2021 at 12:31:04 UTC-5, Neil wrote:gross payouts. If you receive more than $600 in gross payouts over the course of the 2022 calendar year, we’ll provide a Form 1099-K to you by January 31, 2023. Your 2021 tax obligations aren’t affected by this change.
On 12/23/2021 8:18 PM, RichA wrote:
Changes to the IRS minimum reporting threshold in 2022
The IRS is lowering the Form 1099-K reporting threshold. Starting on January 1, 2022, IRS regulations require all businesses that process payments, including online marketplaces like eBay, to issue a Form 1099-K to sellers who receive $600 or more in
sellers with sales over the threshold amount ($600 for 2022). If you don't provide us with an SSN, EIN, or ITIN, your payouts will be put on hold, and we may deduct backup withholding from future payouts.
If you haven’t already given us your Social Security Number (SSN), Employer Identification Number (EIN), or Individual Tax Identification Number (ITIN), we'll ask you to provide it once you reach $600 in sales. This information is required for all
Please get a f...... clue. If you are not a business owner, none of this
is relevant to you.
Businesses have always had to report sales income, and there has always
been an amount over which special reporting was required. In many cases,
there are State and Local requirements for this as well.
Really? Then ask yourself what the IRS would say constitutes a business. Start selling any amount on Ebay, they can force you to declare it.
According to TurboTax:
On Friday, 24 December 2021 at 12:31:04 UTC-5, Neil wrote:gross payouts. If you receive more than $600 in gross payouts over the course of the 2022 calendar year, we’ll provide a Form 1099-K to you by January 31, 2023. Your 2021 tax obligations aren’t affected by this change.
On 12/23/2021 8:18 PM, RichA wrote:
Changes to the IRS minimum reporting threshold in 2022
The IRS is lowering the Form 1099-K reporting threshold. Starting on January 1, 2022, IRS regulations require all businesses that process payments, including online marketplaces like eBay, to issue a Form 1099-K to sellers who receive $600 or more in
sellers with sales over the threshold amount ($600 for 2022). If you don't provide us with an SSN, EIN, or ITIN, your payouts will be put on hold, and we may deduct backup withholding from future payouts.
If you haven’t already given us your Social Security Number (SSN), Employer Identification Number (EIN), or Individual Tax Identification Number (ITIN), we'll ask you to provide it once you reach $600 in sales. This information is required for all
Please get a f...... clue. If you are not a business owner, none of this
is relevant to you.
Businesses have always had to report sales income, and there has always
been an amount over which special reporting was required. In many cases,
there are State and Local requirements for this as well.
Really? Then ask yourself what the IRS would say constitutes a business. Start selling any amount on Ebay, they can force you to declare it.
On 12/25/2021 2:41 AM, RichA wrote:
On Friday, 24 December 2021 at 12:31:04 UTC-5, Neil wrote:
On 12/23/2021 8:18 PM, RichA wrote:
Changes to the IRS minimum reporting threshold in 2022Please get a f...... clue. If you are not a business owner, none of this >>> is relevant to you.
The IRS is lowering the Form 1099-K reporting threshold. Starting on
January 1, 2022, IRS regulations require all businesses that process
payments, including online marketplaces like eBay, to issue a Form
1099-K to sellers who receive $600 or more in gross payouts. If you
receive more than $600 in gross payouts over the course of the 2022
calendar year, we’ll provide a Form 1099-K to you by January 31,
2023. Your 2021 tax obligations aren’t affected by this change.
If you haven’t already given us your Social Security Number (SSN),
Employer Identification Number (EIN), or Individual Tax
Identification Number (ITIN), we'll ask you to provide it once you
reach $600 in sales. This information is required for all sellers
with sales over the threshold amount ($600 for 2022). If you don't
provide us with an SSN, EIN, or ITIN, your payouts will be put on
hold, and we may deduct backup withholding from future payouts.
Businesses have always had to report sales income, and there has always
been an amount over which special reporting was required. In many cases, >>> there are State and Local requirements for this as well.
Really? Then ask yourself what the IRS would say constitutes a
business. Start selling any amount on Ebay, they can force you to
declare it.
You should read what you post. If you have an EIN or ITIN, you are a
business (having had an EIN for 50+ years, it is not a mystery to me).
On-line sales has introduced changes in the way such sales are tracked
and reported. THAT is what this notice is about. If you are a private
seller of your camera gear, nobody cares about it because it won't be on-going sales. When its gone, it's gone. Make money? Lucky you. Lose
it, so what? However, if you become an ebay seller of camera gear that
you regularly purchase solely for sale you are a business (think of it
in terms of flea market sales) and need to report such sales income.
On 27/12/2021 1:34 am, Neil wrote:
On 12/25/2021 2:41 AM, RichA wrote:
On Friday, 24 December 2021 at 12:31:04 UTC-5, Neil wrote:
On 12/23/2021 8:18 PM, RichA wrote:
Changes to the IRS minimum reporting threshold in 2022
The IRS is lowering the Form 1099-K reporting threshold. Starting on January 1, 2022, IRS regulations require all businesses that process payments, including online marketplaces like eBay, to issue a Form 1099-K to sellers who receive $600 or more in gross payouts. If you receive more than $600 in gross payouts over the course of the 2022 calendar year, we’ll provide a Form 1099-K to you by January 31, 2023. Your 2021 tax obligations aren’t affected by this change.
If you haven’t already given us your Social Security Number (SSN), Employer Identification Number (EIN), or Individual Tax Identification Number (ITIN), we'll ask you to provide it once you reach $600 in sales. This information is required for all sellers with sales over the threshold amount ($600 for 2022). If you don't provide us with an SSN, EIN, or ITIN, your payouts will be put on hold, and we may deduct backup withholding from future payouts.Please get a f...... clue. If you are not a business owner, none of this
is relevant to you.
Businesses have always had to report sales income, and there has always been an amount over which special reporting was required. In many cases,
there are State and Local requirements for this as well.
Really? Then ask yourself what the IRS would say constitutes a
business. Start selling any amount on Ebay, they can force you to
declare it.
You should read what you post. If you have an EIN or ITIN, you are a business (having had an EIN for 50+ years, it is not a mystery to me).
On-line sales has introduced changes in the way such sales are tracked
and reported. THAT is what this notice is about. If you are a private seller of your camera gear, nobody cares about it because it won't be on-going sales. When its gone, it's gone. Make money? Lucky you. Lose
it, so what? However, if you become an ebay seller of camera gear that
you regularly purchase solely for sale you are a business (think of it
in terms of flea market sales) and need to report such sales income.
The disinformation is similar to much of the other shit that comes out
of the anti-democrat (and anti-Demotrat) fanatics, the anti-vaxxers, and
the anti-anything-else-vaguely-progressive strident squealers.
Geoff
On Dec 26, 2021, geoff wrote
(in article<wM6dnRD_WKI3e1X8nZ2dnUU7-K_NnZ2d@giganews.com>):
On 27/12/2021 1:34 am, Neil wrote:
On 12/25/2021 2:41 AM, RichA wrote:
On Friday, 24 December 2021 at 12:31:04 UTC-5, Neil wrote:
On 12/23/2021 8:18 PM, RichA wrote:
Changes to the IRS minimum reporting threshold in 2022Please get a f...... clue. If you are not a business owner, none of this >>>>> is relevant to you.
The IRS is lowering the Form 1099-K reporting threshold. Starting on >>>>>> January 1, 2022, IRS regulations require all businesses that process >>>>>> payments, including online marketplaces like eBay, to issue a Form >>>>>> 1099-K to sellers who receive $600 or more in gross payouts. If you >>>>>> receive more than $600 in gross payouts over the course of the 2022 >>>>>> calendar year, we’ll provide a Form 1099-K to you by January 31, >>>>>> 2023. Your 2021 tax obligations aren’t affected by this change.
If you haven’t already given us your Social Security Number (SSN), >>>>>> Employer Identification Number (EIN), or Individual Tax
Identification Number (ITIN), we'll ask you to provide it once you >>>>>> reach $600 in sales. This information is required for all sellers
with sales over the threshold amount ($600 for 2022). If you don't >>>>>> provide us with an SSN, EIN, or ITIN, your payouts will be put on
hold, and we may deduct backup withholding from future payouts.
Businesses have always had to report sales income, and there has always >>>>> been an amount over which special reporting was required. In many cases, >>>>> there are State and Local requirements for this as well.
Really? Then ask yourself what the IRS would say constitutes a
business. Start selling any amount on Ebay, they can force you to
declare it.
You should read what you post. If you have an EIN or ITIN, you are a
business (having had an EIN for 50+ years, it is not a mystery to me).
On-line sales has introduced changes in the way such sales are tracked
and reported. THAT is what this notice is about. If you are a private
seller of your camera gear, nobody cares about it because it won't be
on-going sales. When its gone, it's gone. Make money? Lucky you. Lose
it, so what? However, if you become an ebay seller of camera gear that
you regularly purchase solely for sale you are a business (think of it
in terms of flea market sales) and need to report such sales income.
The disinformation is similar to much of the other shit that comes out
of the anti-democrat (and anti-Demotrat) fanatics, the anti-vaxxers, and
the anti-anything-else-vaguely-progressive strident squealers.
Geoff
Don’t worry, it’s okay if you post political crap - you are apparently on the “correct” side. No one will complain with comments like yours, "Sad that anybody posts that sort of crap anywhere.” Carry on.
On 12/26/2021 8:38 PM, Bill W wrote:
On Dec 26, 2021, geoff wrote
(in article<wM6dnRD_WKI3e1X8nZ2dnUU7-K_NnZ2d@giganews.com>):
On 27/12/2021 1:34 am, Neil wrote:
On 12/25/2021 2:41 AM, RichA wrote:
On Friday, 24 December 2021 at 12:31:04 UTC-5, Neil wrote:
On 12/23/2021 8:18 PM, RichA wrote:
Changes to the IRS minimum reporting threshold in 2022
The IRS is lowering the Form 1099-K reporting threshold. Starting on
January 1, 2022, IRS regulations require all businesses that process
payments, including online marketplaces like eBay, to issue a Form
1099-K to sellers who receive $600 or more in gross payouts. If you
receive more than $600 in gross payouts over the course of the 2022
calendar year, we’ll provide a Form 1099-K to you by January 31,
2023. Your 2021 tax obligations aren’t affected by this change.
If you haven’t already given us your Social Security Number (SSN),Please get a f...... clue. If you are not a business owner, none of this
Employer Identification Number (EIN), or Individual Tax Identification Number (ITIN), we'll ask you to provide it once you
reach $600 in sales. This information is required for all sellers with sales over the threshold amount ($600 for 2022). If you don't
provide us with an SSN, EIN, or ITIN, your payouts will be put on hold, and we may deduct backup withholding from future payouts.
is relevant to you.
Businesses have always had to report sales income, and there has always
been an amount over which special reporting was required. In many cases,
there are State and Local requirements for this as well.
Really? Then ask yourself what the IRS would say constitutes a business. Start selling any amount on Ebay, they can force you to declare it.
You should read what you post. If you have an EIN or ITIN, you are a business (having had an EIN for 50+ years, it is not a mystery to me).
On-line sales has introduced changes in the way such sales are tracked and reported. THAT is what this notice is about. If you are a private seller of your camera gear, nobody cares about it because it won't be on-going sales. When its gone, it's gone. Make money? Lucky you. Lose it, so what? However, if you become an ebay seller of camera gear that you regularly purchase solely for sale you are a business (think of it in terms of flea market sales) and need to report such sales income.
The disinformation is similar to much of the other shit that comes out
of the anti-democrat (and anti-Demotrat) fanatics, the anti-vaxxers, and the anti-anything-else-vaguely-progressive strident squealers.
Geoff
Don’t worry, it’s okay if you post political crap - you are apparently onI didn't see any reason to respond to the political nonsense. I just
the “correct” side. No one will complain with comments like yours, "Sad that anybody posts that sort of crap anywhere.” Carry on.
didn't want to leave the misinformed notion that the rest of the content
had to do with private sellers' camera gear.
On Dec 26, 2021, geoff wrote
(in article<wM6dnRD_WKI3e1X8nZ2dnUU7-K_NnZ2d@giganews.com>):
On 27/12/2021 1:34 am, Neil wrote:
On 12/25/2021 2:41 AM, RichA wrote:
On Friday, 24 December 2021 at 12:31:04 UTC-5, Neil wrote:
On 12/23/2021 8:18 PM, RichA wrote:
Changes to the IRS minimum reporting threshold in 2022Please get a f...... clue. If you are not a business owner, none of this >>>>> is relevant to you.
The IRS is lowering the Form 1099-K reporting threshold. Starting on >>>>>> January 1, 2022, IRS regulations require all businesses that process >>>>>> payments, including online marketplaces like eBay, to issue a Form >>>>>> 1099-K to sellers who receive $600 or more in gross payouts. If you >>>>>> receive more than $600 in gross payouts over the course of the 2022 >>>>>> calendar year, we’ll provide a Form 1099-K to you by January 31, >>>>>> 2023. Your 2021 tax obligations aren’t affected by this change.
If you haven’t already given us your Social Security Number (SSN), >>>>>> Employer Identification Number (EIN), or Individual Tax
Identification Number (ITIN), we'll ask you to provide it once you >>>>>> reach $600 in sales. This information is required for all sellers
with sales over the threshold amount ($600 for 2022). If you don't >>>>>> provide us with an SSN, EIN, or ITIN, your payouts will be put on
hold, and we may deduct backup withholding from future payouts.
Businesses have always had to report sales income, and there has always >>>>> been an amount over which special reporting was required. In many cases, >>>>> there are State and Local requirements for this as well.
Really? Then ask yourself what the IRS would say constitutes a
business. Start selling any amount on Ebay, they can force you to
declare it.
You should read what you post. If you have an EIN or ITIN, you are a
business (having had an EIN for 50+ years, it is not a mystery to me).
On-line sales has introduced changes in the way such sales are tracked
and reported. THAT is what this notice is about. If you are a private
seller of your camera gear, nobody cares about it because it won't be
on-going sales. When its gone, it's gone. Make money? Lucky you. Lose
it, so what? However, if you become an ebay seller of camera gear that
you regularly purchase solely for sale you are a business (think of it
in terms of flea market sales) and need to report such sales income.
The disinformation is similar to much of the other shit that comes out
of the anti-democrat (and anti-Demotrat) fanatics, the anti-vaxxers, and
the anti-anything-else-vaguely-progressive strident squealers.
Geoff
Don’t worry, it’s okay if you post political crap - you are apparently on the “correct” side. No one will complain with comments like yours, "Sad that anybody posts that sort of crap anywhere.” Carry on.
On 27/12/2021 2:38 pm, Bill W wrote:
On Dec 26, 2021, geoff wrote
(in article<wM6dnRD_WKI3e1X8nZ2dnUU7-K_NnZ2d@giganews.com>):
On 27/12/2021 1:34 am, Neil wrote:
On 12/25/2021 2:41 AM, RichA wrote:
On Friday, 24 December 2021 at 12:31:04 UTC-5, Neil wrote:
On 12/23/2021 8:18 PM, RichA wrote:
Changes to the IRS minimum reporting threshold in 2022
The IRS is lowering the Form 1099-K reporting threshold. Starting on
January 1, 2022, IRS regulations require all businesses that process
payments, including online marketplaces like eBay, to issue a Form
1099-K to sellers who receive $600 or more in gross payouts. If you
receive more than $600 in gross payouts over the course of the 2022
calendar year, we’ll provide a Form 1099-K to you by January 31,
2023. Your 2021 tax obligations aren’t affected by this change.
If you haven’t already given us your Social Security Number (SSN),Please get a f...... clue. If you are not a business owner, none of this
Employer Identification Number (EIN), or Individual Tax Identification Number (ITIN), we'll ask you to provide it once you
reach $600 in sales. This information is required for all sellers with sales over the threshold amount ($600 for 2022). If you don't
provide us with an SSN, EIN, or ITIN, your payouts will be put on hold, and we may deduct backup withholding from future payouts.
is relevant to you.
Businesses have always had to report sales income, and there has always
been an amount over which special reporting was required. In many cases,
there are State and Local requirements for this as well.
Really? Then ask yourself what the IRS would say constitutes a business. Start selling any amount on Ebay, they can force you to declare it.
You should read what you post. If you have an EIN or ITIN, you are a business (having had an EIN for 50+ years, it is not a mystery to me).
On-line sales has introduced changes in the way such sales are tracked and reported. THAT is what this notice is about. If you are a private seller of your camera gear, nobody cares about it because it won't be on-going sales. When its gone, it's gone. Make money? Lucky you. Lose it, so what? However, if you become an ebay seller of camera gear that you regularly purchase solely for sale you are a business (think of it in terms of flea market sales) and need to report such sales income.
The disinformation is similar to much of the other shit that comes out
of the anti-democrat (and anti-Demotrat) fanatics, the anti-vaxxers, and the anti-anything-else-vaguely-progressive strident squealers.
Geoff
Don’t worry, it’s okay if you post political crap - you are apparently on
the “correct” side. No one will complain with comments like yours, "Sad that anybody posts that sort of crap anywhere.” Carry on.
Not like the title of this thread then ?
Geoff
On Dec 27, 2021, geoff wrote
(in article<CuidnRN9YKu8plf8nZ2dnUU7-V3NnZ2d@giganews.com>):
On 27/12/2021 2:38 pm, Bill W wrote:
On Dec 26, 2021, geoff wrote
(in article<wM6dnRD_WKI3e1X8nZ2dnUU7-K_NnZ2d@giganews.com>):
On 27/12/2021 1:34 am, Neil wrote:
On 12/25/2021 2:41 AM, RichA wrote:
On Friday, 24 December 2021 at 12:31:04 UTC-5, Neil wrote:
On 12/23/2021 8:18 PM, RichA wrote:
Changes to the IRS minimum reporting threshold in 2022is relevant to you.
The IRS is lowering the Form 1099-K reporting threshold. Starting on >>>>>>>> January 1, 2022, IRS regulations require all businesses that process >>>>>>>> payments, including online marketplaces like eBay, to issue a Form >>>>>>>> 1099-K to sellers who receive $600 or more in gross payouts. If you >>>>>>>> receive more than $600 in gross payouts over the course of the 2022 >>>>>>>> calendar year, we’ll provide a Form 1099-K to you by January 31, >>>>>>>> 2023. Your 2021 tax obligations aren’t affected by this change. >>>>>>>>
If you haven’t already given us your Social Security Number (SSN), >>>>>>>> Employer Identification Number (EIN), or Individual Tax
Identification Number (ITIN), we'll ask you to provide it once you >>>>>>>> reach $600 in sales. This information is required for all sellers >>>>>>>> with sales over the threshold amount ($600 for 2022). If you don't >>>>>>>> provide us with an SSN, EIN, or ITIN, your payouts will be put on >>>>>>>> hold, and we may deduct backup withholding from future payouts. >>>>>>> Please get a f...... clue. If you are not a business owner, none of this
Businesses have always had to report sales income, and there has always >>>>>>> been an amount over which special reporting was required. In many cases,
there are State and Local requirements for this as well.
Really? Then ask yourself what the IRS would say constitutes a
business. Start selling any amount on Ebay, they can force you to
declare it.
You should read what you post. If you have an EIN or ITIN, you are a >>>>> business (having had an EIN for 50+ years, it is not a mystery to me). >>>>>
On-line sales has introduced changes in the way such sales are tracked >>>>> and reported. THAT is what this notice is about. If you are a private >>>>> seller of your camera gear, nobody cares about it because it won't be >>>>> on-going sales. When its gone, it's gone. Make money? Lucky you. Lose >>>>> it, so what? However, if you become an ebay seller of camera gear that >>>>> you regularly purchase solely for sale you are a business (think of it >>>>> in terms of flea market sales) and need to report such sales income.
The disinformation is similar to much of the other shit that comes out >>>> of the anti-democrat (and anti-Demotrat) fanatics, the anti-vaxxers, and >>>> the anti-anything-else-vaguely-progressive strident squealers.
Geoff
Don’t worry, it’s okay if you post political crap - you are apparently >>> on
the “correct” side. No one will complain with comments like yours, "Sad >>> that anybody posts that sort of crap anywhere.” Carry on.
Not like the title of this thread then ?
Geoff
You attacked me for *mistakenly* posting something political. It’s pretty clear now that you don’t have a problem with people posting political comments, just politics that you disagree with. I have never attacked anyone for political posts, so why would I say anything to Rich about it? My comments to you were just a delayed reply to your comments directed at me, and the comments some others posted.
On 28/12/2021 12:24 pm, Bill W wrote:
On Dec 27, 2021, geoff wrote
(in article<CuidnRN9YKu8plf8nZ2dnUU7-V3NnZ2d@giganews.com>):
On 27/12/2021 2:38 pm, Bill W wrote:
On Dec 26, 2021, geoff wrote
(in article<wM6dnRD_WKI3e1X8nZ2dnUU7-K_NnZ2d@giganews.com>):
On 27/12/2021 1:34 am, Neil wrote:
On 12/25/2021 2:41 AM, RichA wrote:
On Friday, 24 December 2021 at 12:31:04 UTC-5, Neil wrote:
On 12/23/2021 8:18 PM, RichA wrote:
Changes to the IRS minimum reporting threshold in 2022
The IRS is lowering the Form 1099-K reporting threshold. Starting on
January 1, 2022, IRS regulations require all businesses that process
payments, including online marketplaces like eBay, to issue a Form
1099-K to sellers who receive $600 or more in gross payouts. If you
receive more than $600 in gross payouts over the course of the 2022
calendar year, we’ll provide a Form 1099-K to you by January 31,
2023. Your 2021 tax obligations aren’t affected by this change.
If you haven’t already given us your Social Security Number (SSN),Please get a f...... clue. If you are not a business owner, none of
Employer Identification Number (EIN), or Individual Tax Identification Number (ITIN), we'll ask you to provide it once you
reach $600 in sales. This information is required for all sellers
with sales over the threshold amount ($600 for 2022). If you don't
provide us with an SSN, EIN, or ITIN, your payouts will be put on
hold, and we may deduct backup withholding from future payouts.
this
is relevant to you.
Businesses have always had to report sales income, and there has
always
been an amount over which special reporting was required. In many
cases,
there are State and Local requirements for this as well.
Really? Then ask yourself what the IRS would say constitutes a business. Start selling any amount on Ebay, they can force you to declare it.
You should read what you post. If you have an EIN or ITIN, you are a
business (having had an EIN for 50+ years, it is not a mystery to me).
On-line sales has introduced changes in the way such sales are tracked
and reported. THAT is what this notice is about. If you are a private
seller of your camera gear, nobody cares about it because it won't be
on-going sales. When its gone, it's gone. Make money? Lucky you. Lose
it, so what? However, if you become an ebay seller of camera gear that
you regularly purchase solely for sale you are a business (think of it
in terms of flea market sales) and need to report such sales income.
The disinformation is similar to much of the other shit that comes out
of the anti-democrat (and anti-Demotrat) fanatics, the anti-vaxxers, and
the anti-anything-else-vaguely-progressive strident squealers.
Geoff
Don’t worry, it’s okay if you post political crap - you are apparently
on
the “correct” side. No one will complain with comments like yours, "Sad
that anybody posts that sort of crap anywhere.” Carry on.
Not like the title of this thread then ?
Geoff
You attacked me for *mistakenly* posting something political. It’s pretty clear now that you don’t have a problem with people posting political comments, just politics that you disagree with. I have never attacked anyone
for political posts, so why would I say anything to Rich about it? My comments to you were just a delayed reply to your comments directed at me, and the comments some others posted.
Then don't make posts with subtly provocative political agendas or
slurs.
On Dec 27, 2021, geoff wrote
(in article<se2dnWTj4fK8wFf8nZ2dnUU7-QXNnZ2d@giganews.com>):
On 28/12/2021 12:24 pm, Bill W wrote:
On Dec 27, 2021, geoff wrote
(in article<CuidnRN9YKu8plf8nZ2dnUU7-V3NnZ2d@giganews.com>):
On 27/12/2021 2:38 pm, Bill W wrote:
On Dec 26, 2021, geoff wrote
(in article<wM6dnRD_WKI3e1X8nZ2dnUU7-K_NnZ2d@giganews.com>):
On 27/12/2021 1:34 am, Neil wrote:
On 12/25/2021 2:41 AM, RichA wrote:The disinformation is similar to much of the other shit that comes out >>>>>> of the anti-democrat (and anti-Demotrat) fanatics, the anti-vaxxers, and >>>>>> the anti-anything-else-vaguely-progressive strident squealers.
On Friday, 24 December 2021 at 12:31:04 UTC-5, Neil wrote:
On 12/23/2021 8:18 PM, RichA wrote:
Changes to the IRS minimum reporting threshold in 2022is relevant to you.
The IRS is lowering the Form 1099-K reporting threshold. Starting on >>>>>>>>>> January 1, 2022, IRS regulations require all businesses that process >>>>>>>>>> payments, including online marketplaces like eBay, to issue a Form >>>>>>>>>> 1099-K to sellers who receive $600 or more in gross payouts. If you >>>>>>>>>> receive more than $600 in gross payouts over the course of the 2022 >>>>>>>>>> calendar year, we’ll provide a Form 1099-K to you by January 31, >>>>>>>>>> 2023. Your 2021 tax obligations aren’t affected by this change. >>>>>>>>>>
If you haven’t already given us your Social Security Number (SSN), >>>>>>>>>> Employer Identification Number (EIN), or Individual Tax
Identification Number (ITIN), we'll ask you to provide it once you >>>>>>>>>> reach $600 in sales. This information is required for all sellers >>>>>>>>>> with sales over the threshold amount ($600 for 2022). If you don't >>>>>>>>>> provide us with an SSN, EIN, or ITIN, your payouts will be put on >>>>>>>>>> hold, and we may deduct backup withholding from future payouts. >>>>>>>>> Please get a f...... clue. If you are not a business owner, none of >>>>>>>>> this
Businesses have always had to report sales income, and there has >>>>>>>>> always
been an amount over which special reporting was required. In many >>>>>>>>> cases,
there are State and Local requirements for this as well.
Really? Then ask yourself what the IRS would say constitutes a >>>>>>>> business. Start selling any amount on Ebay, they can force you to >>>>>>>> declare it.
You should read what you post. If you have an EIN or ITIN, you are a >>>>>>> business (having had an EIN for 50+ years, it is not a mystery to me). >>>>>>>
On-line sales has introduced changes in the way such sales are tracked >>>>>>> and reported. THAT is what this notice is about. If you are a private >>>>>>> seller of your camera gear, nobody cares about it because it won't be >>>>>>> on-going sales. When its gone, it's gone. Make money? Lucky you. Lose >>>>>>> it, so what? However, if you become an ebay seller of camera gear that >>>>>>> you regularly purchase solely for sale you are a business (think of it >>>>>>> in terms of flea market sales) and need to report such sales income. >>>>>>
Geoff
Don’t worry, it’s okay if you post political crap - you are apparently
on
the “correct” side. No one will complain with comments like yours, >>>>> "Sad
that anybody posts that sort of crap anywhere.” Carry on.
Not like the title of this thread then ?
Geoff
You attacked me for *mistakenly* posting something political. It’s pretty >>> clear now that you don’t have a problem with people posting political
comments, just politics that you disagree with. I have never attacked anyone
for political posts, so why would I say anything to Rich about it? My
comments to you were just a delayed reply to your comments directed at me, >>> and the comments some others posted.
Then don't make posts with subtly provocative political agendas or
slurs.
I don’t. I posted to the wrong group, and within seconds followed up with a post explaining that.
You didn’t post anything political, and nothing I said was directed at you. When Rich posted that, I also looked into it, and posted a response that agrees with you, although with much less detail. My comments to Geoff were in reference to something from weeks ago.
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